Switzerland's Fourth-Largest Bank ZKB Launches Crypto Services
Zurich Cantonal Bank, Switzerland's fourth-largest bank, has
launched crypto trading and custody services, expanding its
financial offerings. Zurich Cantonal Bank, Switzerland's fourth-
largest bank, has officially entered the crypto market, offering its
clients the ability to trade and store Bitcoin (BTC) and Ethereum
(ETH).In a Sept. 4 press release, the bank said the new offering is
integrated into its existing digital platforms, including ZKB eBanking
and ZKB Mobile Banking. The bank has partnered with Crypto
Finance AG, a subsidiary of Deutsche Börse Group, to execute
crypto trades, the press release reads. ZKB's entry into the crypto
space is not just limited to its own clients as the bank is also
offering a business-to-business solution that enables other Swiss
banks to provide crypto trading and custody services. Per the
press release, Thurgauer Kantonalbank, a Swiss cantonal bank, has
become the first partner bank to adopt this service.
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