Study: More than half of Swiss banks seek to provide cryptocurrency services to their customers


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Swiss banking institutions, like other banks and banks in the world, seek to ride the wave of encrypted digital currencies and take advantage of its revolutionary features and capabilities.

According to the study and poll New, more than half of Swiss banks are considering offering cryptocurrency investment services to their clients within the next three years.

Most Swiss banks seek to provide crypto services to clients:

A survey conducted by the Swiss company Ernst & Young of 90 CEOs of different Swiss banks revealed some very optimistic news about cryptocurrencies in Switzerland.

The results of the survey were that 55% of Swiss banks plan to launch crypto-related investment offers for their clients.

EY notes that the survey result is a deviation from the usual attitude of Swiss banks towards cryptocurrencies in the past.

While Swiss banks have been largely reluctant to offer cryptocurrency investment opportunities, more than half of the banks surveyed now plan to launch an offer to invest in crypto assets over the next three years (55%), the report notes.

The survey adds that private banks have been showing more interest in providing cryptocurrency services.

Among the private banks surveyed, 68% plan to offer cryptocurrency investment services.

What is even more impressive is that the opinion of banks on cryptocurrency is becoming more and more positive.

This is because 55% of them admitted that cryptocurrency is not a fad that is about to end but is here to stay.

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Banks also do not consider that their integration of cryptocurrencies will affect their goal of becoming more sustainable.

Much of this shift in sentiment between banks has been engineered and brought about by customers looking for cryptocurrency services.

The Swiss banking sector can be very beneficial for cryptocurrencies.

Switzerland is famous for being one of the major financial and banking centers in the world.

Swiss banks have an excellent reputation for the quality of their services worldwide and contribute around 9.7% of the total value added to the Swiss economy.

Last year, the Swiss financial regulator also approved the first crypto fund.

What was mentioned above shows how Swiss banks view the crypto market, and how they see in it an opportunity to take a share of it and keep pace with what is happening in the market and satisfy the user’s desires for these banks.

Read also:

Coinbase acquires a company specializing in trading crypto derivatives

The number of bitcoins issued and transferred from cryptocurrency exchanges to private wallets increased

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