Swiss State-Owned Bank Expands Cryptocurrency Services to Include SOL, XRP, ADA, and More

Swiss state-owned bank PostFinance has taken a significant step in broadening its cryptocurrency services by adding five new cryptocurrencies to its portfolio.

This move, facilitated through a partnership with digital asset bank Sygnum, enhances the accessibility of crypto trading for Swiss citizens.

Explore the details of this expansion and its potential impact on Switzerland’s thriving crypto landscape.

Expansion of Cryptocurrency Services

On July 1, 2024, Swiss state-owned financial institution PostFinance announced the expansion of its cryptocurrency services to include five new cryptocurrencies for storage and trading. PostFinance, the banking arm of the Swiss government’s national postal service “Swiss Post,” is known for offering cryptocurrency custody and trading services through its partnership with digital asset bank “Sygnum.”

Previously, PostFinance supported 11 cryptocurrencies, including BTC, ETH, ATOM, and UNI. With the latest expansion, the bank now supports the following five additional cryptocurrencies:

• AVAX

• ADA

• DOT

• XRP

• SOL

Features of PostFinance’s Cryptocurrency Trading Services

PostFinance’s cryptocurrency trading services allow users to buy and sell cryptocurrencies easily via a mobile app, available 24/7, 365 days a year.

The bank also offers a cryptocurrency savings plan that allows customers to start with as little as $50, enabling regular cryptocurrency purchases and making it easy for newcomers to enter the world of cryptocurrency trading.

Switzerland is renowned as a leading hub for multiple cryptocurrency companies, and the expansion of supported cryptocurrencies by PostFinance is expected to further stimulate trading activity and contribute to the growth of the cryptocurrency ecosystem in the country.