Online banking service Swissquote is launching a new bitcoin trading feature in partnership with digital currency exchange Bitstamp.
With the integration, Swissquote customers will be able to exchange bitcoin for euros and US dollars, and vice versa, through their accounts. Bitstamp will provide the technical know-how and backend support, according to today's announcement.
Swissquote, founded in 1999, is regulated by the Swiss Financial Market Supervisory Authority, from which it has a banking license. It offers online access to financial products like bonds, options and futures, as well as credit card and savings account services.
Swissquote CEO Marc Bürki said in a statement:
The collaboration represents yet another another traditional financial service launching a new bitcoin-related offering.
Earlier this week, Swiss private bank Falcon announced a partnership with Bitcoin Sussie AG, providing its high-net worth individual and institutional investors with the ability to exchange and hold bitcoin.
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