The demand for cryptocurrencies increased in recent years

LGT Bank has partnered with the Swiss crypto bank Seba to offer guardianship and trading services for Bitcoin and Ether LGT Group, a top family-possessed private banking and asset operation group, is moving into cryptocurrency by launching Bitcoin (BTC) and Ether (ETH) investments at LGT Bank in Liechtenstein.

Managing over$ 292 billion of means, LGT Bank is preparing to debut digital asset guardianship and trading services in cooperation with Swiss cryptocurrency bank Seba, according to a common advertisement released on Wednesday.

LGT Bank will originally offer guardianship and trading services for BTC and ETH, while Seba supports further than 14 cryptocurrencies, including altcoins like Litecoin (LTC), Polkadot (DOT), Tezos (XTZ), the Tether (USDT) stablecoin, and others.

According to the advertisement, LGT’s crypto services will be completely integrated with traditional means, enabling guests to fluently change means in their being portfolios. The new immolation will be originally available to named customer groups of LGT Bank. To pierce the new services, guests must be grounded in Liechtenstein or Switzerland and be classified as professional guests or be managed by an external asset director.

Headquartered in Vaduz, Liechtenstein, LGT is one of the world's largest wealth directors and investment companies. The banking mammoth traces its history back to 1920 and has a crucial presence in Switzerland in addition to further than 20 services around the globe.

LGT Bank’s entrance into crypto aligns with the establishment’s commitment to meet the adding demand for investment openings, Liechtenstein’s LGT Bank CEO Roland Matt said.

The demand for cryptocurrencies has also increased among our guests in recent times. When developing our new immolation, we paid particular attention to security while fastening on clear, dependable processes and procedures.

 They're central for dealing with this dynamic and still relatively youthful asset class The news further reaffirms the ongoing trend of global banks and asset directors decreasingly espousing investment services for Bitcoin and other cryptocurrencies. On Monday, Argentina’s largest and alternate-largest private banks, Banco Galicia and Burbank, blazoned plans to enable crypto purchases for guests.