Bank AI

Bitcoin

Read

<a href="https://bitcoinworld.co.in/santander-bank-embraces-crypto-trading-and-blockchain/" title="Santander Bank Embraces Crypto Trading And Blockchain" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Major bank Santander deviated from industry standard by embracing open-access blockchain cryptocurrencies.</li>
 <li style="font-weight: 400">John Whelan highlights Swiss regulation as advanced and clear, providing a comprehensive environment for digital assets.</li>
</ul>
Santander Private Banking International is now offering affluent clients in Switzerland the opportunity to trade and invest in major cryptocurrencies.
According to a memo, Santander — a division of the Spanish banking powerhouse Banco Santander — plans to expand its cryptocurrency offerings <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35868798/santander-deviates-from-banking-norm-embraces-crypto-trading-and-blockchain?utm_campaign=partner_feed&amp;utm_source=cryptopanic.com&amp;utm_medium=partner_feed&amp;utm_content=site" rel="noopener noreferrer nofollow">to</a> include additional digital currencies that pass the firm’s stringent screening process.
The service will be available exclusively at the request of clients, facilitated through relationship managers.
Read Also: <a class="row-title" href="https://bitcoinworld.co.in/luxor-starts-new-business-to-ease-shipping-of-bitcoin-mining-rigs/" aria-label="“Luxor Starts New Business To Ease Shipping Of Bitcoin Mining Rigs” (Edit)" rel="noopener noreferrer nofollow">Luxor Starts New Business To Ease Shipping Of Bitcoin Mining Rigs</a>
Furthermore, Santander ensures the security of digital assets <a href="https://finance.yahoo.com/news/big-bank-embraces-crypto-santander-114856539.html" rel="noopener noreferrer nofollow">such</a> as Bitcoin and Ether by employing a regulated custody model that safeguards the private cryptographic keys in a highly secure environment.
This strategy marks a significant departure from the norm. Most large banks typically shy away from direct involvement with open-access blockchains and their associated cryptocurrencies.
Banco Santander, with a history spanning over 160 years and a customer base of 166 million, is a significant player in the financial world.
The private banking sector of Santander serves around 210,000 high-net-worth individuals, managing assets and deposits that total approximately $315 billion.
Read Also: <a class="row-title" href="https://bitcoinworld.co.in/lvmh-partners-with-stanford-hai-to-explore-human-centered-ai/" aria-label="“LVMH Partners With Stanford Hai To Explore Human-Centered AI” (Edit)" rel="noopener noreferrer nofollow">LVMH Partners With Stanford Hai To Explore Human-Centered AI</a>
Santander head of crypto John Whelan said Swiss regulation, related to digital assets, “is one of the first and most advanced in the world since it provides clarity and a comprehensive regulatory environment for our clients.”
“As holding of crypto as an alternative asset class continues to expand,” he added, “we expect that our clients prefer to rely on their existing financial institutions to be responsible for their assets.”
The post <a href="https://bitcoinworld.co.in/santander-bank-embraces-crypto-trading-and-blockchain/" rel="noopener noreferrer nofollow">Santander Bank Embraces Crypto Trading And Blockchain</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Santander Bank Embraces Crypto Trading And Blockchain

ItsBitcoinWorld

Other articles published on Nov 21, 2023

Important XRP, SHIB Announcement Made by Japanese Crypto Exchange

Celatone: A Smart Contract Explorer for Osmosis

Giant Bitcoin Exchange Made a Statement Stating That It Will Close! Withdraw Your Money by This D...

Binance CEO Pleads Guilty, Settles DOJ Case at $4.3 Billion

Carter Capital’s Global Summit to Pioneer Sustainable Tech & Impact Investments

Will Apecoin Price Hold Its Recent Gains As On-Chain Matrix Turns Bearish?

Join our free newsletter for daily crypto updates!