Swissquote bank launching "nuke proof" crypto custody

posted 3 months ago
Online banking and trading group Swissquote is launching a crypto custody service later this month. The Switzerland-based firm said, starting March 21st, retail and institutional customers will be able to transfer cryptocurrencies from external wallets to be stored in a Swissquote account.

Swissquote has partnered with Zug-based “Crypto Storage AG” to manage private keys. Crypto Storage CEO Stijn Vander Straeten said “Our server racks are stored in a former military bunker in the Swiss Alps which is nuke proof. So, yes, we care about security.”
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