Switzerland’s leading online banking and trading group, Swissquote will now allow customers, both corporate and retail, to store their crypto assets in vaults that are being touted to withstand even nukes. The firm, known for its emphasis on security, has taken safety to another level by fashioning vaults inside an ex-military bunker.
Crypto Storage AG is aiding Swissquote in their new venture which is all set to begin operations from 21st March 2019, as stated in the company’s press release. Crypto Storage AG is an independent storage service aimed at providing world-class storage solutions for cryptocurrencies and digital assets in Switzerland.
Help from the Crypto Storage Expert
Swissquote’s decision to partner with Crypto Storage AG hasn’t come as a surprise given the latter’s expertise in the management of private keys and other cryptocurrency assets ever since its establishment in 2017. Crypto Storage AG has been using Hardware Security Modules (HSMs), also used by Switzerland’s central bank, to provide state of the art crypto storage and handling services.
Swissquote’s Other Ventures
Apart from this crypto storage and handling venture, Swissquote is also involved in cryptocurrency trading. Its trading platform supports Bitcoin, Ether, XRP, Bitcoin Cash and Litecoin, all of which were launched in 2017. That’s not all, the company also boasts of an exchange platform that uses machine learning to transfer investor funds between bitcoin and U.S. dollars to combat the volatile nature of bitcoin.
From 2018, Swissquote also allows investors to pool their money into four different highest rated cryptocurrencies listed on their Multi-Crypto Active Index via a traditional financial vehicle that is officially traded on SIX, Switzerland’s leading stock exchange.
Be it the Multi-Crypto Active Index, the bitcoin-US dollar exchange platform or the yet to launch crypto storage facility, Swissquote’s aim is consistent – safeguarding customers and investors from the instability that is inherent in cryptocurrencies.