Last April Switzerland’s PostFinance partnered with crypto bank Sygnum to launch a retail crypto offering. That solution goes live tomorrow, making it an option for 2.5 million PostFinance customers. The bank is a subsidiary of SwissPost and the fifth largest bank in Switzerland by assets.
PostFinance is the first systemically important bank to offer crypto, according to Sygnum. The other Swiss systemic banks are UBS, Raiffeisen Group and Zürcher Kantonalbank.
Customers can invest as little as $50 and take advantage of crypto custody, trading and savings accounts in 11 cryptocurrencies. We’re guessing that PostFinance decided which tokens to include, given that Sygnum supports almost 30. Users can access the offering 24/7 via the PostFinance online account or app.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
