Sberbank and Alfa-Bank to Test Cryptocurrency Portfolio for Private Investors

[kreslik.news]

Sberbank and Alfa-Bank, the two biggest banks in Russia, are planning to test cryptocurrency investment portfolios for private customers, according to a report in Kommersant, a local news source.

The service will be based on the six most reliable cryptocurrencies and will use algorithms to make investment decisions. According to the report, the banks are doing this because of interest from wealthy individual clients.

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The minimum threshold for entry will be $500,000.

Anna Ivanchuk, deputy head of private banking at Sberbank, said: “We want to offer our clients a completely transparent version of the entrance to ... (read more)