Swissquote, Switzerland’s biggest online bank, is combining its robo-advisory offering with crypto assets, taking the lead in a fledgling business.
Swissquote has unveiled a new service available to its robo adviser. The tool, which so far has already invested in equities, fixed-interest products and raw materials, can now also do so in cryptocurrencies, according to a statement released on Thursday.
Clients of Swissquote’s robo adviser won’t have to sign up to this new asset class and it won't be available to all clients either. They need to have a certain degree of risk tolerance and also have reached a certain minimum size of portfolio. In separate move, Swissquote also added the ability for its robo adviser to invest in real estate via exchange-traded funds and property funds.
Innovative Products
The new asset classes available to the robo advisory confirms Swissquote’s role as a market leader in digital banking services. The company in 2010 had launched the first robo adviser of Switzerland and two years ago it started trading services for cryptocurrencies including bitcoin, ether, litecoin and ripple, making it an early provider of such assets.
