Switzerland’s PostFinance launches crypto trading and custody service

Switzerland’s PostFinance launches crypto trading and custody service
фото показано с : invezz.com

2024-2-21 19:32

PostFinance, the banking arm of Swiss Post, has officially unveiled its crypto trading and custody services to its customers, according to a press release. 

The banking giant, the fifth-largest in Switzerland, said the cryptocurrency offering went live today, February 21, 2024. The new services will see more than 2.5 million customers have access to crypto trading “with just a few clicks.”

Customers will initially be able to buy or trade 11 cryptocurrencies, PostFinance noted. They’ll also be able to easily store or create crypto savings plans, much like they would do with a fund savings plan.

PostFinance customers will benefit from 24/7 trading directly from their own accounts.

According to bank’s announcement, users can buy and sell crypto via e-finance or the PostFinance app, the bank said.

PostFinance expands investment opportunity for customers

With this offering, PostFinance is adding crypto to the traditional asset classes available to its customers. These include cash, bonds and stocks.

In a comment, PostFinance’s Chief Investment Officer Philipp Merkt said digital assets offer an “investment opportunity within alternative investments” space. Real estate and raw materials fall into this category.

PostFinance first made inroads into the crypto trading and custody space in April 2023, debuting its plans with a partnership with Sygnum. The crypto bank has a banking license from the Swiss financial markets regulator in Switzerland and also holds licenses as a major payment institution in Singapore

The bank then confirmed plans to offer Bitcoin trading to its customers in 2024 in July last year. Its collaboration with the FINMA-regulated crypto bank is now in action, a milestone that further opens up crypto investing opportunities to customers in Switzerland.

A report from last year showed that Bitcoin traders from Switzerland were among the most profitable in Europe.

The post Switzerland’s PostFinance launches crypto trading and custody service appeared first on Invezz

Similar to Notcoin - Blum - Airdrops In 2024

origin »

UCBI Banking (UCBI) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 UCBI

banking switzerland custody crypto trading postfinance said

Источник: invezz.com

banking switzerland → Результатов: 118


Blockchain-powered Digital Bank AFRICUNIA to Hold AFCASH IEO on Azbit

Do you know the saying “Innovate today or die tomorrow”? Being at the forefront of technological innovation is another name of AFRICUNIA BANK, a web/mobile-first digital-only decentralized banking app with digital-first customer service headquartered in the United Kingdom and with offices in the USA, Canada, Switzerland, Austria, Nigeria, Zambia, Tanzania, Vietnam, and Suriname.

2022-7-8 19:05


Фото:

State-Owned Swiss Bank Postfinance Launches App Supporting 13 Cryptocurrencies

The banking subsidiary of the national postal service of Switzerland, Postfinance, has launched a mobile app providing clients with access to cryptocurrencies, ETFs and more. The software allows users to make payments, save funds or invest in various assets, with a commitment to a level of security provided only by the country’s leading online banks. […]

2021-5-14 03:30


CBDCs to coexist with cash payments, according to FED Chairman Powell

The Committee on Payments and Market Infrastructures conference was held in Basel, Switzerland. One of the main guests was the Chairman of the U.S. Federal Reserve, Jerome Powell. Referring to a report created by the institution he chairs and other banking institutions, Powell said: A recent report from the Bank for International Settlements (BIS) and […]

2021-3-19 22:00


Swiss Regulator, FINMA, Denies Bitcoin Suisse Banking License Application

The financial watchdog of Switzerland Financial Market Supervisory Authority (FINMA) has turned down Bitcoin Suisse’s application for a banking license. AML Weaknesses Sees Bitcoin Suisse Miss Out On Banking License According to the Swiss regulator, Bitcoin Suisse AG is not eligible for approval following a string of concerns.

2021-3-18 20:50


Фото:

Japan’s Third-Largest Bank Joins Blockchain Consortia to Enhance Trade Efficiency

Faced by work disruptions caused by the novel coronavirus and the need to function efficiently even during crises, Sumitomo Mitsui Bank Corporation (SMBC) has today (July 21, 2020) signed a letter of intent to join Contour’s Beta Network and scored a membership deal with Switzerland’s Komgo–a blockchain-based commodity trading platform whose shareholders are drawn from banking,Read MoreRead More.

2020-7-22 01:07


Фото:

Bitcoin Suisse Sells 20% Stake to Raise $47 Million: Crypto Valley Broker Aims To Expand Into Banking

Crypto valley firm Bitcoin Suisse has announced plans to sell a 20% stake in the company. The sale is expected to raise 46 million Swiss francs ($47. 38 million). Bitcoin Suisse said it intends to use the money to expand its portfolio to banking services in Switzerland and Liechtenstein, according to local media reports.

2020-5-9 22:15


Фото:

Companies Keep Flocking to Swiss Crypto Valley, Over 1,000 Jobs Added in a Year

Crypto Valley, a fintech-friendly region centered on the canton of Zug, has been expanding to other parts of Switzerland and neighboring Liechtenstein. Despite all the challenges facing the blockchain industry, favorable regulations and improving access to banking and legal services are attracting more and more crypto companies.

2020-1-26 02:00


Фото:

Arab Bank Switzerland to Offer Bitcoin Custody and Brokerage Services

According to a report published by swissinfo. ch on September 19, 2019, Arab Bank Switzerland has joined the list of established banks which offer access to digital asset products. A New Bank in the Crypto Sphere Arab Bank Switzerland, a bank specializing in private banking and trade financing, has partnered with blockchain technology firm Taurus, toRead MoreRead More.

2019-9-20 09:00


Фото:

Crypto Banking Expands With Positive Interest Rates and New Services

Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks there have started passing the burden to […] The post Crypto Banking Expands With Positive Interest Rates and New Services appeared first on Bitcoin News.

2019-9-9 17:15


Фото:

Switzerland: FINMA-Licensed Cryptocurrency Bank Eyes Singapore Expansion 

Sygnum, a cryptocurrency company that claims to develop an integrated solution that enables its clients to securely issue, store, trade and manage blockchain-based cryptoassets, is seeking for a banking license from the Monetary Authority of Singapore (MAS), to enable it to offer brokerage, tokenization and other crypto-related services to qualified investors in the region, reportsRead MoreRead More.

2019-8-29 21:00


дальше еще 69 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Сальвадор: ещё +11 Bitcoin в кассу

Сальвадор купил ещё 11 биткоинов за $1 млн. Теперь в национальном резерве страны уже 5,980 монет. И это несмотря на договорённость с МВФ, где Сальвадор пообещал “притормозить” с криптой.

Crypto hacking losses hit $2.2 billion in 2024, a new report says

The cryptocurrency world, while experiencing a surge in mainstream adoption and market value, is also grappling with a stark reality: a significant increase in losses due to hacking. A new report from blockchain analysis firm Chainalysis reveals that funds stolen from crypto platforms jumped to a staggering $2.2 billion in 2024, a 21% increase from […]