Bank Frick, a resident of the Principality of Liechtenstein, has opened official cryptocurrency trading. According to the bank’s official website, now professional market members can invest in 5 leading cryptocurrencies, namely Bitcoin, Bitcoin Cash, Litecoin, Ripple, and Ethereum. Private crypto trading has not been mentioned so far.
Bank representatives highlight that cryptocurrency trading will be carried out according to the same strict rules as other financial instruments trading. The bank offers absolutely legal method of investing in cryptocurrency, which in the future will help to avoid difficulties with confirming investor’s money origin.
Cryptocurrency purchased by investors will be stored in the bank’s special e-wallets. Bank Frick states that these wallets have a much higher security level than conventional crypto wallets.
Bank Frick regards cryptocurrency with favor and, as its representatives state, continues integrating crypto into the banking system.
“Our goal is to take cryptobanking to the level of traditional banking,” chief customer officer Hubert Büchel said.
Obviously, Bank Frick is looking for new ways of attracting high-profile clients. Undoubtedly, this will have a positive effect on the whole cryptocurrency market and will allow crypto to become a legal means of payment and investment object.