Swiss state-owned bank Postfinance to offer Bitcoin trading
PostFinance’s parent firm Swiss Post is known for its pro-crypto stance, working on its own crypto custody services and issuing crypto stamp collectibles. PostFinance, a retail bank fully owned by the Swiss government, is preparing to offer cryptocurrency trading and storage services to its customers. The PostFinance bank has partnered with the local cryptocurrency bank Sygnum to offer its customers a range of regulated digital asset banking services, the firms announced on April 5. The partnership will specifically allow PostFinance customers to buy, store and sell major cryptocurrencies, including Bitcoin (BTC) and Ether (ETH). The crypto services are enabled through Sygnum’s institutional business-to- Business offer ing 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 cry...