Russia’s Gazprombank now offers Bitcoin trading in Switzerland

Zurich-based Gazprombank, a subsidiary of Russia’s third-largest bank, announced yesterday that it has started offering Bitcoin trading in Switzerland. Based on the announcement, the cryptocurrency service will include the custody of Bitcoin (BTC), as well as the trading, buying, and selling of the cryptocurrency. According to the announcement, the firm will offer cryptocurrency services in partnership with long-standing partners like crypto custody provider Metaco and fintech firms like Avalog. Other Russian-owned banks are offering crypto-related services outside Russia. In September this year, the biggest state-owned bank in Russia Sberbank joined a blockchain-based platform via its Swiss subsidiary. The bank will