Bank Frick Offers Crypto Trading via Online Bankingby Company Announcement May 14, 2020
Bank Frick’s online banking now allows trading with cryptocurrencies. In addition, with Bank Frick’s online banking, financial intermediaries benefit from mass subscription for all their customer bases and the execution of block orders when trading securities.
Bank Frick is the first financial institution from Liechtenstein to enable trading in nine leading cryptocurrencies conveniently via its online banking. Trading takes place within the fully regulated framework of the bank.
The bank’s offering is aimed specifically at financial intermediaries such as fiduciaries, asset managers and institutional clients. For these clients, crypto trading in Bank Frick’s online banking offers the opportunity to make the new crypto-asset class accessible to their end customers in a simple and convenient way, thereby setting themselves apart from their competitors.
“Our intuitive user interface simplifies trading with cryptocurrencies and enables intermediaries to diversify their client portfolios quickly and easily,”
says Stefan Rauti, Head Private Clients and EAM at Bank Frick.
“Classic and Blockchain Banking will thus continue to grow together.”
Mass subscription und block orders for intermediaries
In Bank Frick’s online banking, asset managers can now release payment orders in an extremely time-saving manner using the mass subscription function – i.e. the one-off subscription across all customer bases. The online banking function enables all subscription rights to be displayed – from individual to collective subscription.
In addition, Bank Frick’s online banking now enables the processing of block orders when trading in securities, which can then be distributed to the individual client accounts. The new functions and process optimisations enable more efficient processing and thus save time for intermediaries, who will be able to concentrate even more on their core business in future.