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Switzerland’s PostFinance Launches Retail Cryptocurrency with Sygnum Partnership
Switzerland’s PostFinance has joined forces with crypto bank Sygnum to introduce a new retail cryptocurrency for its 2.5 million customers. This partnership marks a significant step as digital assets continue to integrate into the financial world.
Partnership Details
PostFinance, described as the “first systemically important Swiss bank,” will offer regulated trading and custody for eleven cryptocurrencies, including Bitcoin and Ethereum, using Sygnum’s B2B banking platform.
Customer Benefits
Customers will have 24/7 access to trading and custody, with the convenience of logging in from any PostFinance account online or via the app. The collaboration aims to provide secure access to the cryptocurrency market through a trusted Swiss banking partner.
Statements from Officials
Philipp Merkt, chief investment officer of PostFinance, emphasized the importance of meeting customer demand for access to the crypto market through a reliable partner like Sygnum Bank.
Fritz Jost, chief B2B officer at Sygnum Bank, highlighted that PostFinance is bringing cryptocurrencies directly to its clients, making crypto easily accessible in just a few clicks.
Sygnum Bank Crypto Recovery Hub
In a separate initiative, Safe partnered with Sygnum Bank to launch a crypto recovery hub, providing a range of recovery options in collaboration with CoinCover, a UK-regulated recovery service provider. This service aims to address challenges in existing key management by offering users various recovery solutions to fit their risk preferences.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
