Gazprombank Switzerland Executes First Bitcoin Trades, Announces Payments Initiative

Gazprombank Switzerland Executes First Bitcoin Trades, Announces Payments Initiative
Geneva, Switzerland
(Mikadun/Shutterstock)

Gazprombank (Switzerland), an arm of the bank owned by Russian energy giant Gazprom, has carried out the first client transactions as part of its new services.

Announced Tuesday, the bank’s launch of institutional cryptocurrency services comes after by the Swiss Financial Market Supervisory Authority.

“Digital assets will become increasingly important for our clients and the global economy,” said the bank’s CEO, Roman Abdulin.

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