Bitcoin Suisse announced yesterday that its users can now trade precious metals against many leading cryptocurrency options. The well-known cryptocurrency financial services company, which is based in Switzerland, now offers platinum, gold, and silver on its trading platform.
Effective immediately, Bitcoin Suisse users can trade Ether and Bitcoin against leading world fiat currencies as well as precious metals. These fiat currencies include the United States dollar, British pound, Swiss franc, Euro, and Danish krone.
All the three asset classes are now available for trading around the clock with immediate cash settlement, which means users can avoid the typical delays they would face elsewhere.
The addition of precious metal trading at Bitcoin Suisse comes less than a month after Bitcoin Suisse first offered 24/7 cryptocurrency trading against fiat currencies. All precious metals traded on the Bitcoin Suisse platform are stored by a reputable banking partner and are fully guaranteed.
The introduction of precious metal trading is expected to appeal to every variety of trader. Users can place trades for as little as 100 Swiss francs (approximately $103 US Dollars) and Bitcoin Suisse doesn’t charge a custody fee for holdings under 100,000 Swiss francs ($103,433).
With rising demand for valuable assets, Bitcoin Suisse’s entry into precious metal trading is expected to be a hit with clients, especially those looking to diversify their holdings. Bitcoin Suisse isn’t the first firm to make the connection between cryptocurrencies and precious metals. Paxful, a P2P cryptocurrency marketplace, announced support for gold and Bitcoin trades on April 7, 2020. Other blockchain asset exchanges offer gold-backed stablecoin trading on assets such as Tether Gold and Paxos Gold against both cryptocurrencies and fiat currencies like the US dollar.
More information about trading precious metals against cryptocurrencies can be found at bitcoinsuisse.com.