Swissquote, the Swiss online bank, which specializes in providing online financial and trading services and Bitstamp, the EU’s first and only licensed digital currency exchange, today announced that they will be partnering up.
Swissquote has today begun BTC trading with EUR and USD on its platform, with Bitstamp providing a full-stack solution for all of Swissquote’s requirements.
In the future, both companies plan to expand their partnership as Swissquote brings Bitstamp’s range of services closer to its customers. It’s understood that Ether could be the next crypto added to the solution.
Bitstamp CEO, Nejc Kodrič, was upbeat about the relationship’s vast potential:
“Our partnership with Swissquote represents a leap forward in terms of integrating bitcoin with the traditional financial industry. We are honored to be working with such a prominent player. Our efforts to encourage compliant bitcoin trading continue to bear fruit, giving users greater confidence and strengthening the bitcoin industry generally.”
“And the strong potential shown by digital currencies in their relatively short history has led to traditional financial markets looking for ways to get involved. That’s why we’re so excited about our partnership with Swissquote.”
Swissquote CEO, Marc Bürki said:
“This is our first foray into the world of Bitcoin and so we wanted to work with a partner we could rely on. Bitstamp’s focus on regulation and compliance, as well as its payment institution license, made it the standout choice for our needs.”