Small European Banks See an Opportunity in Cryptocurrencies

While some of Europe’s biggest banks will not allow clients to buy cryptocurrencies with credit cards or advise on investing in the market, the smaller banks see an opportunity; Vontobel, Falcon Bank and Bank Frick have all agreed to handle cryptocurrency investments on behalf of clients; “There are risks involved but there are also really big opportunities,” Edi Wögerer, chief executive of Bank Frick, told the Financial Times; some of the world biggest banks have said the market is too risky with volatile prices and money laundering concerns; with the potential for more regulation these smaller banks are looking to already stake a place in the market before the bigger firms feel comfortable enough to get involved. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.