This week, Avanza Bank, Sweden’s largest online stockbroker with over 600,000 customers is now providing clients with the ability to track bitcoin and other digital assets using their account interface. The Swedish firm Avanza Bank Holdings founded in 1999 is a well-known financial establishment in the region. The brokerage service participates in the largest number of trades that take place on the Stockholm Stock Exchange. This week the financial institution announced it would provide a feature that allows a complete picture of their customer’s portfolio; including bitcoin investments. According to the bank’s press release, Avanza customers will be able to view both bitcoin and ethereum holdings. “More and more of our customers are investing in cryptocurrencies, and therefore it is natural that they can follow the value directly with us,” explains the stockbroker’s CEO Johan Prom. Read More Here >>> https://news.bitcoin.com/swedens-largest-online-stockbroker-avanza-bank-adds-bitcoin-services/
This is a good news for people for Sweden and the clients of this online stockbroker named Avanza. Am sure they can be doing good business with Bitcoin and most likely they would be expanding to other cryptocurrencies as well in the near future. Now, am wondering, if Jamie Dimon would continue on pronouncing that Bitcoin is just a fad and a bubble even if there are now legitimate and big firms offering Bitcoin to their clients.
We are expecting that by next year, there would be a big rush of financial organizations getting into Bitcoin and cryptocurrency as they can be listening to what their base of clients is clamoring. These firms want to make some profit riding the Bitcoin bandwagon and this trend can really help in spreading more popularity for Bitcoin as a very viable investment vehicle.
Welcome to Sweden.