In the past few months, many Swiss banks have upped their crypto services like SEBA, which added 3 more DeFi tokens to its repertoire of digital currencies like Bitcoin, Bitcoin Cash, Ethereum, and Ripple, to name a few, along with some fiat currencies. These DeFi tokens belonged to Synthetix(SNX), UniSwap(UNI), and Year.finance(YFI).
In addition to SEBA, Sygnum is working on launching custody and trading for tokens in the DeFi space like Maker, Synthetix, UniSwap, and more. The bank is working on adding other derivatives that will benefit banks, hedge funds, and other clients.
Sygnum and SEBA have the edge compared to other banks as they began offering crypto-related services way before.
But this has not hindered giant banks like BBVA(Banco Bilbao Vizcaya Argentaria) Switzerland to offer trading and custody services to its clients, specifically private banking clients. This trading and custody service is more so focused on Bitcoin. Along with permitting customers to convert between Bitcoin and fiat currencies automatically. This is the beginning of a wider approach to cryptocurrencies, as there will be more added in the future.