Digital Assets: Bitcoin Suisse offers 24/7 Trading in Precious Metals Alongside Cryptos

May 27, 2020 | Digital Assets, News
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The Bitcoin Suisse trading platform allows users to trade in precious metals against bitcoin and ether.

Swiss cryptocurrency financial services company Bitcoin Suisse has made yet another move towards expanding the range of products that can be traded on its platform. On April 29 it announced trading with fiat currencies. On Tuesday it followed up with the announcement that it now permitted precious metals trading against the top cryptocurrencies. (Coin Telegraph)

Best of all worlds – precious metals, cryptos, and fiat

Customers of Bitcoin Suisse can now trade in gold, silver, and platinum on the company’s platform. These precious metals can be traded against bitcoin (BTC) and ether (ETH). As well as against fiat currencies (CHF, USD, GBP, EUR, and DKK) for immediate cash settlement.

Clients can purchase precious metals for a minimum amount of 100 CHF. No custody fees will apply for holdings up to 100,000 CHF. The precious metals purchased by clients will be stored with a trusted banking partner. Besides, they are backed 100% by the Bitcoin Suisse bank guarantee.

The company said it hoped to change the current difficulty in the market of trading precious metals in combination with digital gold such as bitcoin. Now, with three kinds of assets tradable on the platform, clients can easily build a diversified portfolio that holds up well during market volatility and economic uncertainty.

Seamless trading in precious metals

Bitcoin Suisse Head Trading & Liquidity Management Stefan Lütolf said in a statement: “Recent developments have boosted the demand for scarce, highly valuable assets such as gold and Bitcoin. Bitcoin may not be Gold 2.0 – yet. In the meantime, we want to give our clients maximum choice possible. By offering seamless precious metals trading, we go beyond the crypto asset class for the first time. It’s an excellent way to move between the two assets with the click of a button.”

Related Story:  Mashinsky’s DeFi Platform Celsius Adds Tokenized Bullion via Tether Gold

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