the SKB bank ventures into the crypto world by introducing trading and custody services for Bitcoin and Ethereum
The post the SKB bank ventures into the crypto world by introducing trading and custody services for Bitcoin and Ethereum appeared on BitcoinEthereumNews.com.
The Zurich Cantonal Bank (ZKB), the fourth largest bank in Switzerland based in Zurich, has officially launched trading and custody services for Bitcoin and Ethereum. Let’s see all the details below. The bank of Zurich ZKB expands its offer with Bitcoin and Ethereum The cryptocurrency sector is rapidly gaining ground within traditional financial institutions, and the Zurich Cantonal Bank (ZKB) is no exception. On September 4, 2024, ZKB, one of the main Swiss banks, announced the official launch of its trading and custody services for cryptocurrencies. This strategic move allows the bank to expand its offering. In particular, including the possibility for customers to buy, sell, and store Bitcoin (BTC) and Ethereum (ETH) directly from their already existing digital platforms, such as ZKB eBanking and ZKB Mobile Banking. The initiative of the ZKB represents an important step forward for the adoption of cryptocurrencies in the Swiss banking system. The decision to offer these new services did not come unexpectedly, as the bank has shown a growing interest in blockchain technology in recent years. In 2021, ZKB participated in the issuance of the world’s first digital bond on the SIX Digital Exchange. Furthermore, in 2023, he played a leading role in a pilot project of the Swiss National Bank for the issuance of digital bonds with central bank digital currency. The new offer from ZKB has been seamlessly integrated into the bank’s existing digital platforms. Clients can now access cryptocurrency markets with the same ease with which they manage their traditional bank accounts. This was made possible thanks to the partnership with Crypto Finance AG, a subsidiary of Deutsche Börse Group, which will handle cryptocurrency operations on behalf of the bank. One of the most innovative aspects of ZKB’s offer is that customers will not need to manage their own cryptocurrency…
Filed under: News - @ September 4, 2024 5:17 pm