Zürcher Kantonalbank (ZKB), Switzerland’s fourth-largest bank, has begun offering It offers its customers Bitcoin and cryptocurrency trading services and custody. ZKB offers services for retail, corporate and institutional clients with over $290 billion of assets.
JUST IN: 🇨🇭$290 billion Zurich Cantonal Bank launches #Bitcoin The crypto offerings. pic.twitter.com/ILUTSHWn8V
— Bitcoin Magazine (@BitcoinMagazine) September 4, 2024
ZKB allows its clients to hold and trade Bitcoins and other cryptos through their mobile apps, online banking and traditional channels. The bank partnered with Deutsche Börse-owned Crypto Finance AG for brokerage services and developed its own Custody solution
ZKB has become one of mainstream’s largest players in Bitcoin. financial Bitcoin is being embraced by institutions. Switzerland’s stance towards Bitcoin, crypto and other digital currencies is relatively positive. Swiss National BankMicroStrategy, which it owns shares of.
This launch is a major milestone financial As Bitcoin gains legitimacy, players are adopting Bitcoin and cryptocurrency offerings. The success of Bitcoin ETFs accelerated adoption among institutions in the U.S. ZKB’s decision may force other Swiss and European Banks to offer Bitcoin services.
The Banks of the World, including Hong Kong’s Futu The following are some examples of how to get started: Standard Chartered’s MoxRecently,. launched the trading of Bitcoin and Bitcoin ETFs. This trend indicates that Bitcoin is becoming more popular in traditional finance.
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Source: bitcoinmagazine.com