Discover how Swiss banking giant PostFinance, in a groundbreaking move, teams up with digital asset bank Sygnum to launch a comprehensive cryptocurrency service starting February 21, 2024.
With transactions starting from just $50 and round-the-clock access, dive into the future of cryptocurrency banking—a future where convenience meets innovation.
Partnership Between PostFinance and Sygnum to Offer Cryptocurrency Services
Sygnum had previously announced in April last year its plans to offer cryptocurrency services in collaboration, but this recent announcement marks the official launch of cryptocurrency services by both PostFinance and Sygnum.
This collaboration aims to facilitate easy trading and storage of cryptocurrencies, including Bitcoin and Ethereum, among 11 different types.
The service allows users to trade and store a selection of 11 cryptocurrencies, starting from transactions as low as $50.
It is accessible 24/7 via a smartphone app, making it convenient for users to trade at any time. Although Sygnum's announcement specifically mentions Bitcoin (BTC) and Ethereum (ETH), reports from local media also include Cosmos (ATOM) and Uniswap (UNI) among the tradable cryptocurrencies.
PostFinance is reported to be the first Swiss bank to offer such cryptocurrency services.
The official announcement highlighted that PostFinance is already engaged in other cryptocurrency-related services, indicating a growing interest and investment in the digital asset space, with more announcements anticipated in the future.