Julius Baer, which is among the top five Swiss banks, boosted its profit by 34% in the first half of 2020, when it began offering its customers digital assets such as net Bitcoin. Julius Baer Group, the giant Swiss bank that manages $ 427 billion in assets, announced its profit in the last two quarters at $ 524 million.
The increase coincides with the bank offering retention services for digital assets such as Bitcoin (BTC) in January. It is tough that Julius Baer may have benefited from the rise of Bitcoin March to May for adding support to digital assets in January. March to May, Bitcoin thus regained the value it lost during the pandemic period.