Swissquote Bank Europe, the Luxembourg-based subsidiary of Swiss banking group Swissquote, was in March 2021 the first online bank in the EU to integrate a cryptocurrency service into its investment account, and the first bank in Luxembourg to offer digital asset trading. It has since expanded that offering — now covering more than forty crypto-assets — and in early 2023 became the first Luxembourg bank authorized to act as a depositary for investment funds holding digital assets.
The roughly ten CASP licenses issued to date by the Luxembourg regulator reflect the strong interest of crypto players in a jurisdiction that moved early to establish a clear regulatory framework, backed by four successive Blockchain Laws adopted between 2019 and 2024.
