Share this article
Gazprombank Switzerland Executes First Bitcoin Trades, Announces Payments Initiative
The regulated Swiss bank said it is working on developing a standard for cryptocurrency payments between members of the OpenVASP association.
Updated Sep 14, 2021, 10:34 a.m. Published Nov 24, 2020, 11:39 a.m.
Gazprombank (Switzerland), an arm of the bank owned by Russian energy giant Gazprom, has carried out the first client transactions as part of its new bitcoin services.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Announced Tuesday, the bank's launch of institutional cryptocurrency services comes after approval was granted by the Swiss Financial Market Supervisory Authority.
"Digital assets will become increasingly important for our clients and the global economy," said the bank's CEO, Roman Abdulin.
See also: Swiss Canton Zug to Accept Taxes in Bitcoin, Ether From Next Year
The cryptocurrency services, including cryptocurrency accounts, investment management and asset custody, were developed in partnership with fintech firm Avaloq and digital security infrastructure provider METACO.
Gazprombank (Switzerland) said it has also become a member of the OpenVASP association, which aims to develop an open protocol for the transmission of transaction information between virtual asset service providers (VASPs) and individuals. This work seeks to make it easier for cryptocurrency services to align with regulatory guidance from the Financial Action Task Force – including the so-called travel rule.
In partnership with Swiss crypto finance firm Bitcoin Suisse, the bank is also working on a uniform communication protocol for digital-asset payments between members of OpenVASP, according to the announcement.
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
Bitcoin's bearish turn deepens as 75 out of top 100 coins trade below key averages; Nasdaq resilient
Crypto's bear grip squeezes tighter as 75 of top 100 coins trade below 50- and 200-day SMAs.
Lo que debes saber:
- 75 of the top 100 coins trade below their 50-day and 200-day simple moving averages.
- Major cryptocurrencies like bitcoin, ether, and solana are underperforming the key averages, denting risk sentiment.
- Only eight of the top 100 coins are considered oversold, indicating that most coins may still have room to fall further.
