Swissquote, a $618 million worth online banking group, announced Friday that it is partnering with Zug-based Crypto Storage to enable cryptocurrency custodial services on its platform. The Gland-based said that institutional investors on its platform would be able to transfer cryptocurrencies from their external wallets to a Swissquote account and vice versa.
The move came as a part of Swissquote’s crypto expansion. In 2017, the group had opened a cryptocurrency trading platform, allowing its clients to trade the five significant digital assets, including bitcoin, XRP, litecoin, and ether.
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