Swiss Bank Announces Bitcoin, Ethereum Trading Services for Customers

Swiss Bank Announces Bitcoin, Ethereum Trading Services for Customers

Amidst the fall of traditional banks, some banking institutions have incorporated electronic money services.

Recently, a famous Swiss government-backed bank, PotsFinance has now announced to offer Bitcoin and Ethereum services to customers. According to the report, PotsFinance bank customers will be allowed to buy, store and even sell Bitcoin and Ethereum.

The bank received its banking license from the Swiss authorities almost four years ago. As an experienced and regulated digital asset service provider, the latest partnership with Sygnum Bank will ease PostFinance’s hardship.

PostFinance chief investment officer Philipp Merk said, “It is more important than ever to have a partner as established and established as Sygnum Bank with excellent service.”

Currently, Switzerland’s fifth largest financial services company, PostFinance will only offer Bitcoin and Ethereum trading services to its 2.5 million customers, other cryptocurrencies will be added in due course. next time.

“Cryptocurrencies have become an integral part of the financial world and our clients want to access this market at PostFinance, their trusted primary bank,” he said.

Fritz Jost, Head of B2B at Sygnum Bank, said, “Providing crypto services to customers is an opportunity to add a new revenue stream but also has a lot to do with customer retention.”

The latest move by the Swiss bank is expected to further boost crypto adoption in the region.

See also: LayerZero Labs successfully raised $120 million in Series B funding, raising its valuation to $3 billion

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