Swiss banking group Swissquote has revealed its plans to launch crypto custody services in late March

Swiss banking group Swissquote has revealed its plans to launch crypto custody services in late March, according to the company’s 2018 business results report, published on March 8.

According to the report, the company has been trading five major cryptocurrencies since 2017 and is now introducing a crypto custody service.

The new feature is set to launch on March 21. According to the report, customers will be able to transfer crypto from external wallet to their account at Swissquote and vice versa. As the document the states, the move will let the company “become a secure and technologically fully integrated cryptocurrency trading platform and depositary for private and institutional clients alike.”

The solution will be based on services provided by fintech company Crypto Storage AG.

Crypto Storage AG is a Swiss startup that provides infrastructure to manage private keys. According to firm’s website, it develops hardware security modules and provides services to financial intermediaries worldwide.

Also read: Economist and notorious crypto critic Nouriel Roubini: crypto “as a technology has absolutely no basis for success”

Source: https://cointelegraph.com/news/swissquote-banking-group-to-launch-crypto-custody-in-late-march