Falcon Bank to Offer Direct Withdrawals Crypto-Fiat

Falcon Bank to Offer Direct Withdrawals Crypto-Fiat

Swiss financial institution Falcon Private Bank has launched support for transfers from cryptocurrencies to traditional coins according to a press release published by the bank.

So, Falcon provides both private and institutional clients with a crypto wallet that supports Bitcoin, Ethereum, Bitcoin Cash, and Litecoin where users can withdrawal funds in fiats.

“With immediate effect,” the press release says, “private and institutional clients can directly transfer cryptocurrencies to and from segregated Falcon wallets, as well as convert them into fiat money. This new offering from Falcon makes blockchain assets fully bankable.

In the same line, “clients can place trading orders conveniently through e-banking or a dedicated relationship manager.”

Falcon will provide tax and financial documents for clients. “Digital assets are included in portfolio statements as well as in tax reporting documents. In addition to ensuring best execution, Falcon provides secure storage thanks to its proprietary custody solution.”

In this framework, Falcon Private Bank calls itself as a first-mover player in the blockchain banking industry. “Falcon has once more seized the opportunity to demonstrate its expertise as a market leader in the digital assets space by merging traditional private banking services with innovative financial solutions,” Martin Keller, CEO Falcon Private Bank, said.

Falcon has offices in Zurich, Dubai, London and Luxembourg.

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