PostFinance customers will be able to buy, store and sell major cryptocurrencies, including Bitcoin and Ether.
The crypto services are enabled through Sygnum’s institutional business-to-business offering that provides banks with market entry to regulated and compliant digital products. The B2B network includes more than 15 partner banks and supports a “range of cryptocurrencies,” also featuring revenue-generating services like staking.
PostFinance’s move into crypto comes in response to a growing demand from its customers, the bank’s chief investment officer Philipp Merkt noted, stating: “Digital assets have become an integral part of the financial world, and our customers want access to this market at PostFinance, their trusted principal bank.”
Founded in 1906, PostFinance is the financial services unit of Swiss Post, which is the national postal service of Switzerland. The public company is known for its pro-crypto stance,
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