Swiss financial institutions bet on ETH2, BCH and USDC

Zug-based SEBA has added BCH and USDC support to its portfolio

Bitcoin Switzerland clients have bet 1/7 of the amount needed to upload ETH2

Movements come after board changes and new partnerships

Swiss cryptocurrency-focused financial entities engage their clients with new opportunities. Whether it is expanding existing ecosystems or investing large sums in future projects, Switzerland’s demands for cryptos are only increasing.

Swiss bank SEBA announced on November 19 that it now accepts Bitcoin Cash and USDC stablecoin . The Swiss bank registered with FINMA said that customers can now use the coins / tokens for services. This includes trading , digital custody, interest earning (USDC), and trust loans against BCH. SEBA is headquartered in Zug in the Crypto Valley in Switzerland.

To date, SEBA works with seven fiat currencies, including CHF, USD, GBP, EUR, HKD, SGD and PLN. It also provides access to six cryptocurrencies, namely BCH, BTC, ETH, LTC, USDC and XLM.

The SEBA additions are the first changes to the lineup since the bank changed its board of directors in September. First, the bank replaced the interim president Sébastien Mérillat. The new chairman, Päivi Rekonen, is formerly of UBS, Credit Suisse and Adecco. The addition of Hans Kuhn and Sanjeev Karkhanis to the board has strengthened the management of regulatory and financial risks.

Switzerland is active in the Crypto Valley

Additionally, Zug-based Bitcoin Switzerland announced on November 20 that the company’s clients had wagered over 71,891 ETH into their ETH2 staking. The amount, as of close of business on the 20th, was about one-seventh of the total amount of ETH needed for Ethereum 2 to go live on December 1. At the time that Bitcoin Switzerland released the press release, ETH’s stake was over $ 33 million.

The focus on ETH2 comes after Bitcoin Switzerland announced a partnership with Zug-based Evolute on November 18. The pair will focus on boosting the availability of cryptocurrency assets and targeting content for the Evolute digital wealth management platform for external asset managers (EAM).

The Evolute – Bitcoin Switzerland partnership will help EAMS expand its wealth management services. Through this partnership, EAMs will have the capabilities to acquire and hold digital assets while dealing directly through a known and regulated broker.