PostFinance, one of Switzerland’s largest retail banks, has partnered with Sygnum to offer crypto services to its customers.
The proliferation of cryptocurrencies and increasing adoption rates have also started to attract traditional finance actors to this area. Crypto and blockchain moves keep coming from many banking companies. Finally, PostFinance, one of Switzerland’s largest retail banks, has announced that it will partner with Sygnum to provide crypto services within regulations.
Swiss Bank PostFinance To Offer Crypto Service To Its Clients
Swiss-based retail bank PostFinance is preparing to offer crypto currency trading and custody services to its customers, as a result of its cooperation with the cryptocurrency bank Sygnum.
PostFinance has stepped in to offer its clients a range of regulated digital asset services, the firms announced today. This collaboration will allow PostFinance customers to buy and hold Bitcoin (BTC) and many major cryptocurrencies.
Cryptocurrency bank Sygnum stands out as it offers banks an opportunity to enter the digital product market. The B2B network supported by Sygnum includes more than 15 partner banks.
Sharing his views on the subject, PostFinance chief investment officer Philipp Merkt stated that the company’s entry into the crypto space was due to the demands received. “Digital assets have become an integral part of the financial world and our clients want to access this market at their trusted parent bank, PostFinance,” Merkt said. said.
Founded in 1906, PostFinance serves as the banking arm of Swiss Post, Switzerland’s national postal service.
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