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

May 27, 2020 | Digital Assets, News

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

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News©ParisTsitsosforLivinFarms-scaled.jpg
Venture Capital: LIVIN Farms, A Provider Of Bugs On Subscription, Raises €6M Series A

LIVIN Farms, an industrial technology provider in the alternative protein industry, has developed HIVE PRO, a fully automated process that allows waste management companies and large scale food producers to…
Digital Assets: Sam Bankman-Fried’s FTX US Wins Auction For Voyager Digital’s Bankruptcy Assets With $1.4B Bid
September 28, 2022     Digital Assets, News

West Realm Shires Inc., dba FTX US, has won the bankruptcy auction for the assets of Voyager Digital with a bid of about $1.422 billion. It was held to be…
Artificial Intelligence: Clearview Nabs Patent For Technology That Creates Bias-Free Algorithms

Clearview AI announced its win of the “Scalable Training Data Preparation Pipeline And Efficient Distributed Trainer For Deep Neural Networks In Facial Recognition” patent (U.S. Patent No. 11,443,553) issued by…
Alternative Investments/ESG: The Newday Sustainable Development Equity ETF

Newday offers portfolios addressing the world’s most pressing environmental and social issues including climate action, ocean health, clean water, diversity, equity and inclusion, wildlife conservation and animal welfare, and stakeholder…