Switzerland is well on its way to joining other digital currency trading friendly countries.
On Friday, online bank Swissquote announced that it has partnered with Bitstamp to offer bitcoin trading with euro and U.S. dollar on its platform. Under the agreement, Bitstamp will provide a full-stack solution for all of Swissquote’s requirements. The two companies plan to expand their partnership in the future “as Bitstamp brings Swissquote’s range of services to its customers.”
Luxembourg-based Bitstamp is Europe’s first licensed digital currency exchange, while Gland-based Swissquote provides online financial and trading services in Switzerland and also has offices in Zurich, Bern, Dubai, Malta, Hong Kong and London.
CEO Marc Bürki said it’s Swissquote’s “first foray into the world of bitcoin,” which was why the company sought to work with a partner like Bitstamp, whose “focus on regulation and compliance, as well as its payment institution license, made it the standout choice for our needs.”