The post Santander Embraces Crypto and Offers Bitcoin, Ethereum Trading! appeared first on Coinpedia Fintech News
Santander Private Banking International is now offering high-net-worth clients the ability to trade and invest in major cryptocurrencies such as Bitcoin and Ethereum. The service, which is being provided upon request through relationship managers, will initially only include Bitcoin and Ethereum, with additional cryptocurrencies to be added in the coming months. Santander’s move is significant, as most large banks tend to avoid exposure to open-access blockchains and cryptocurrencies. The bank’s private bank caters to 210,000 wealthy clients with assets and deposits worth around $315 billion. Santander’s head of crypto and digital assets, John Whelan, stated that the Swiss regulatory environment for digital assets is one of the most advanced in the world, providing clarity and a comprehensive regulatory environment for clients.