Union Bank of the Philippines launches Bitcoin and Ethereum trading

The Union Bank of the Philippines, or simply UnionBank — one of the largest universal banks in the Philippines — has launched a pilot program for Bitcoin and Ether custody and trading services for select retail customers, the firm said in a joint announcement on Nov. 2.

The new investment and trading feature launched in collaboration with Swiss crypto technology firm Metaco, with UnionBank going live on Metaco’s digital asset platform Harmonize.