Swiss state-owned bank Postfinance to offer Bitcoin trading

PostFinance, a retail slope afloat owned by the Swiss government, is preparing to connection cryptocurrency trading and retention services to its customers.

The PostFinance slope has partnered with the section cryptocurrency slope Sygnum to connection its customers a scope of regulated integer plus banking services, the firms announced connected April 5.

The concern volition specifically let PostFinance customers to buy, store and merchantability large cryptocurrencies, including Bitcoin (BTC) and Ether (ETH).

The crypto services are enabled done Sygnum’s organization business-to-business offering that provides banks with marketplace introduction to regulated and compliant integer products. The B2B web includes much than 15 spouse banks and supports a “range of cryptocurrencies,” besides featuring revenue-generating services similar staking.

PostFinance’s determination into crypto comes successful effect to a increasing request from its customers, the bank’s main concern serviceman Philipp Merkt noted, stating:

“Digital assets person go an integral portion of the fiscal world, and our customers privation entree to this marketplace astatine PostFinance, their trusted main bank.”

Founded successful 1906, PostFinance is the fiscal services portion of Swiss Post, which is the nationalist postal work of Switzerland. The nationalist institution is known for its pro-crypto stance, building its ain crypto custody platform and issuing digital collectibles linked to carnal stamps successful 2021.

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The announcement connected PostFinance’s crypto trading services comes soon aft Swiss Post announced the motorboat of Crypto Stamp 3.0, a caller crypto stamp iteration featuring carnal and non-fungible token versions integrated with the artificial quality technology. Swiss Post’s caller crypto stamp is scheduled to spell connected merchantability connected May 2, 2023.

PostFinance did not instantly respond to Cointelegraph’s petition for comment.

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