Swiss Post’s financial subsidiary, Postfinance, has launched a new cryptocurrency trading and custody service. Customers can use the service to “purchase or securely store an initial range of 11 cryptocurrencies at the click of a mouse or even set up a crypto saving plan,” the company explained. Postfinance’s New Crypto Service Swiss Post’s fully-owned financial…
Read more
Switzerland’s PostFinance has partnered with the crypto bank Sygnum to launch a new retail cryptocurrency for its 2.5 million customers on Wednesday, as digital assets become an “integral part” of the financial world. In an announcement, PostFinance said is the “first systemically important Swiss bank” to launch regulated trading and custody for eleven cryptocurrencies including…
Read more
Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s preparedness in positive terms. 2 Swiss Banks Unable to Implement Recovery Plans, Finma Finds…
Read more
Postfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial institution will be using the banking platform developed by the Swiss-licensed digital asset bank Sygnum. Postfinance Partners With Sygnum to Provide Digital Asset Products and Services The financial services unit of the national postal service…
Read more
Major Swiss bank PostFinance has partnered with digital asset services provider Sygnum Bank to offer its customers cryptocurrency trading and storage services. As part of the partnership, the Swiss state-owned bank will provide its 2.5 million customers access to buy, sell, and store Bitcoin and Ethereum, two of the world’s largest cryptocurrencies, with more tokens…
Read more
Swiss post office’s banking unit, the state-owned Postfinance, is reportedly preparing to enter the crypto market. “Our clients want direct access to this market through their house bank.” Swiss Post Office’s Banking Arm to Enter Crypto Market The banking and financial services arm of Swiss Post, the state-owned enterprise responsible for Switzerland’s postal and other…
Read more
Switzerland’s fifth-largest financial institution is set to develop an independent cryptocurrency trading and custody service for its clientele. Switzerland’s Post Office is set to onboard cryptocurrency trading through its banking arm PostFinance as user appetite for custody grows in the country. Some 2.6 million users that currently bank with PostFinance, the fifth largest bank in…
Read more
