Swiss Banking Giant PostFinance Enters the Crypto Arena
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.
On this page
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.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
