Two Swiss banks allowed to sell cryptocurrencies to “large” customers

Two Swiss banks, Maerki Baumann Bank and Incore Bank, targeting large private clients, have received permission from the Swiss Financial Market Supervision Authority (FINMA) to trade cryptocurrencies.

According to the text of the document, Maerki Baumann received the right to operate with Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and XRP. In the near future, the bank also plans to add ERC-20 tokens.

And Incore Bank, in addition to the right to store, transfer and exchange cryptocurrencies, also received permission to tokenize assets.