🔥 Swiss Banking Giant PostFinance Enters the Crypto Arena
posted 20 Feb 2024
PostFinance, one of Switzerland's major banks, is stepping into the cryptocurrency world with a service for retail clients, launching on February 21, 2024. The service will allow users to purchase, store, and even set up savings plans for digital assets. Initially, it will offer access to 11 popular cryptocurrencies.
The benefit is that our 2.5 million customers can now invest in cryptocurrencies easily and securely with their principal bank,stated Philipp Merkt, Chief Investment Officer at PostFinance.
In partnership with the regulated crypto bank Sygnum, PostFinance will offer 24/7 trading through its mobile app, albeit with a minimum transaction limit of $50, somewhat above the norm for most crypto exchanges or decentralized platforms.
This move is part of a growing trend of European banks embracing the cryptocurrency market. Previously, the German financial conglomerate DZ Bank announced its entry into digital asset trading, targeting self-sufficient private investors.
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