ZKB introduces Bitcoin and Ethereum trading and custody, partnering with Crypto Finance AG, and offers B2B solutions for Swiss banks.
Switzerland's financial landscape is evolving as Zurich Cantonal Bank (ZKB), the country's fourth-largest bank, has launched new services in the realm of cryptocurrency. This significant move marks a step forward in integrating traditional banking with the burgeoning world of digital assets.
ZKB has introduced crypto trading and custody services for two of the most well-known cryptocurrencies: Bitcoin and Ethereum. These services are now accessible through ZKB's existing digital platforms, making it easier for customers to manage their crypto assets alongside their traditional financial products.
The execution of these services is made possible through a partnership with Crypto Finance AG, a company specializing in digital assets. This collaboration ensures that ZKB's crypto services are secure and reliable, leveraging Crypto Finance AG's expertise in the field.
In addition to serving individual customers, ZKB is also offering a business-to-business (B2B) solution. This enables other Swiss banks to provide crypto services to their clients. Thurgauer Kantonalbank is the first to adopt this solution, signaling a broader acceptance and integration of cryptocurrency services within the Swiss banking sector.
This initiative is part of ZKB's broader efforts to explore and utilize blockchain technology. By expanding into the crypto market, ZKB aims to stay at the forefront of financial innovation and meet the growing demand for digital asset services.
