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Santander Sets Sights on Exclusive Crypto Trading for Swiss Elite

Santander Sets Sights on Exclusive Crypto Trading for Swiss Elite

Banco Santander is gearing up to offer exclusive Bitcoin and Ethereum trading options tailored for affluent Swiss account holders.

These services, accessible through Relationship Managers, secure assets in a regulated custody model, enhancing customer security.

Though the bank hasn’t officially confirmed, internal sources indicate these forthcoming services. Santander’s move aligns with Switzerland’s strict financial regulations overseen by FINMA, potentially offering smoother operations compared to global markets.

Santander’s proactive entry into Switzerland follows its registration as a crypto custodian under French regulations and certification as a digital asset service provider by the AMF.

READ MORE: Argentina Elects Pro-Bitcoin President Milei

Recent market movements have seen Bitcoin rise by 2.23% to $37,273.87 and Ethereum by 4.14% to $2,031.11.

Factors driving this surge include pending SEC approval for a Spot Bitcoin ETF and BlackRock’s filing for a Spot Ethereum ETF, sparking an 8% ETH price increase.

Should these ETFs gain approval, significant price shifts for Bitcoin and Ethereum are anticipated.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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