The platform may have nuke-proof servers, but it’s hardly Switzerland’s first upcoming crypto storage service.
The online banking and trading platform Swissquote[1], along with its partner, Crypto Storage AG[2], has announced[3] the March 21 launch of the platform's cryptocurrency storage service. Users will be able to transfer their crypto from external wallets to a Swissquote account, where their assets will be held on Crypto Storage AG servers located in what the storage company's CEO Stijn Vander told[4] CoinDesk is a nuclear weapon-proof, former military bunker in the Swiss Alps.
Swissquote, which gives users online access to financial products like bonds, options, and futures, called the upcoming storage feature an expansion of the bevy of crypto-related services the platform has added over the last three years. In July 2017, Swissquote made its first foray into the world of bitcoin when it partnered with crypto exchange Bitstamp to allow[5] its customers to exchange bitcoin for fiat, including the euro and the US dollar.
Later that same year, in December, Swissquote added[6] Ripple, Ether, Litecoin, and bitcoin cash to the list of exchangeable assets on its platform. Swissquote later attributed[7] a 44 percent increase in its profits to the crypto boom associated with the expansion of its exchangeable virtual assets.
Lastly, just a year ago, in March 2018, the platform announced[8] it had partnered with Swiss stock exchange SIX[9], making it possible for its users to invest in bitcoin, bitcoin cash, Ether, or Litecoin. Specifically, Swissquote believed that by offering investment opportunities in the four cryptocurrencies with the highest trading volume and highest market capitalization
