Gazprom Bank’s Swiss Arm is Now Offering Cryptocurrency Trading Services

News • 2020/11/08 • by

Some lucky set of people can now trade cryptocurrency on the Swiss Arm of Gazprombank.

One of the largest banks in Russia (Gazprombank) will start accepting cryptocurrency banking, and Bitcoin will be the first coin to be taken for now. Gazprombank is the third-largest bank in Russia, and the Swiss Financial Market Supervisory Authority has marked it as a safe process. This means crypto trading and crypto-fiat trading can now take place.

Major Signals

Gazprombank in Russia to start accepting cryptocurrency.

Gazprombank has been authorized as a crypto custodian and bitcoin exchange

The news will take effect with just a few customers.

The news will take effect right away. However, the number of clients they will be attending will be limited and only Bitcoin. The reason for the previous update is to make evaluation easy and accurate.

Roman Abdulin (the CEO) also added that there are projections that digital assets will be one of the influencing factors in the global economy. This is why the banks want to give its clients the advantage of the security, liquidity, and counterparty risk reduction.

Gazprombank is a financially regulated institution, and they are sure this step will give their clients value and make transactions easier.

Do you think other banks need to follow the path Gazprombank has taken? Share your opinion in the comment box.

Source: Decrypt.co.

Comments (5)

Guest

exodusab

6 years ago

We expect digital assets to become increasingly important in the global economy and, in particular, for our current and potential clientele

godgrace1

6 years ago

Kudos to Gazprombank, for implementing the use bitcoin on their banking service, i love to always read news about bitcoin adoptions. because it shows bitcoin is breaking new grounds.

visiblemoney

6 years ago

The other banks need not be reminded to toe the same steps of Gazprombank as the technology will surely defeat them. If the harsh impact of hyperinflation doesn't give a push at for quick adoption at post Covid-19, the citizens will definitely patronize borderless service operators that can meet their financial demand.