On Tuesday, the Swiss cryptocurrency financial services company Bitcoin Switzerland introduced trading in precious metals against the best cryptocurrencies.

Bitcoin Switzerland has just added gold, silver and platinum for trading on its platform, allowing users to trade precious metals against the main fiat currencies as well as two cryptocurrencies, Bitcoin (  BTC  ) and Ether (  ETH  ).

All three types of assets are available for 24/7 trading

In announcing the news on Tuesday, Bitcoin Switzerland pointed out that precious metals, fiat currencies and assets are available for crypto 24/7 trading with immediate cash settlement. The news comes shortly after Bitcoin Switzerland introduced 24/7 trading with fiat currencies on April 29.

The company plans to expand the supply of precious metals by introducing more cryptocurrencies in the near future, a Bitcoin Switzerland spokesperson told Cointelegraph. "There are several other cryptocurrencies that would be worth adding as trading pairs."

According to the announcement, the three precious metals can be exchanged for five fiat currencies, including the Swiss franc, the US dollar, the British pound, the euro and the Danish krone.

Bitcoin Switzerland claims that all of the precious metals traded on its platform are stored by a trusted banking partner, with purchases being "100% guaranteed by the Bitcoin Switzerland bank guarantee ".

“Bitcoin may not be Gold 2.0 yet”

The new functionality is allegedly aimed at all types of traders, as the supply of precious metals from Bitcoin Switzerland is accessible at all levels of customer demand. The minimum purchase amount represents 100 Swiss francs ($ 103), while no custody fee is applied for assets up to 100,000 francs ($ 102,889).

Stefan Lütolf, head of trading and liquidity management at Bitcoin Switzerland, noted that the new functionality responds to growing demand for "rare and high-value assets such as gold and Bitcoin ". Lütolf went on to say that Bitcoin Switzerland is committed to offering its customers the maximum possible choice. Admitting that “ Bitcoin may not be Gold 2.0 - for now”, the executive said Bitcoin Switzerland was going “beyond the crypto asset class for the first time”.

PassionCrypto has contacted Bitcoin Switzerland for additional queries and will update as soon as we have news.

Some of the most precious physical products in the world - like the precious metals gold, silver and platinum - are increasingly linked to cryptocurrencies such as Bitcoin .

On April 7, the Paxful peer-to-peer cryptography market introduced support for trade between gold and Bitcoin . Some crypto exchanges also allow trading in stable gold-backed coins such as Paxos Gold (PAXG) and   Tether Gold ( XAUT ) against fiat currencies and cryptos such as Bitcoin