Swissquote Names New Head of Digital Assets, Focusing on Institutional Investors

Swissquote, an online bank based in Switzerland, has just brought in Chris Thomas as the Head of Digital Assets there. The group has been focused on bringing out more market positions and time goes on, and cryptocurrencies are one of those opportunities.

The platform offered user-based cryptocurrency trading all the back in July of 2017, and has since built that offering up to include institutional investors as well, according to LeapRate.

Thomas should be expanding the institutional offerings anywhere from hedge funds to private banks, and much more, the publication notes.

This new Head of Digital Assets has been in the financial industry for over 20 years, having previously worked in European banks.

As InsideBitcoins reported a couple of years ago, Swissquote expanded its offerings to include ICOs as well as traditional cryptocurrency trading. Now, it appears they’re doing even more expansion.

Back then, the group released a statement reading:

“Swissquote is proud to be the first bank to support ICOs on its trading platform, where clients can purchase tokens conveniently in a secure environment against fiat currency (CHF), without needing to master blockchain technology. We take care of the execution of the orders and the custody of the tokens for our clients, while supporting companies seeking to launch ICOs with our technology and services.”