International press articles about news and trends in financial services technology Swiss Banks Enter the Age of Bitcoin Although such bankers may still be a minority, Zurich-based SEBA Bank AG opened in November with a universal banking license and a suite of services ranging from fiat storage to crypto custody, a crypto-connected debit card that automatically converts to fiat on the backend for regular shopping and crypto-trading options through the bank's mobile app.
Schwarzenbach said the pricing for SEBA app trades, enabled by backend API integrations with global exchanges, offered "extremely competitive" pricing compared to over-the-counter trades.
SEBA was hardly the first bitcoin-friendly Swiss bank. The private bank Falcon Group, for example, launched bitcoin management services in Matthew Blake, the World Economic Forum's monetary systems lead, described crypto-friendly, fully licensed banks as an emerging trend.
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Likewise, the Swiss crypto startup Bitcoin Suisse has also applied for a universal banking license with the goal of offering everything from staking services to loans. We're not applying for a banking license just to be like every other bank. We are pioneers network world bitcoin heart, said Bitcoin Suisse marketing lead Ian Simpson.
We will be able to start trading crypto securities, stablecoins and synthetics, such as mini-futures and products to short the major crypto assets.