tl;dr
Swiss Bank ZKB has launched Bitcoin and Ethereum trading, along with crypto custody services. The largest Cantonal Swiss Bank is now offering 24x7 crypto trading through its eBanking and Mobile Banking platforms, initially providing services for Bitcoin and Ethereum. The bank aims to provide a high ...
Largest Cantonal Swiss Bank, ZKB, has launched Bitcoin and Ethereum trading, as well as crypto custody services. The bank's eBanking and Mobile Banking platforms now offer 24x7 crypto trading, initially focused on Bitcoin and Ethereum. Third-party Swiss banks can also use ZKB's business-to-business solution for crypto trading and custody, except for U.S. persons. This move has sparked investor enthusiasm amid a bearish market, potentially attracting new money inflow into the crypto market.
Zurich Cantonal Bank (ZKB) revealed plans to integrate crypto trading and custody services into its existing offerings. Customers can trade crypto through ZKB's digital platforms, with a high emphasis on security and a seamless user experience. Only Bitcoin and Ethereum are currently available for trading. The bank's Head of Institutional Clients & Multinationals, Alexandra Scriba, highlighted the high level of security provided and the seamless user experience offered by the bank.
ZKB's business-to-business solution extends to third-party Swiss banks, facilitating streamlined crypto trading and secure custody. However, the bank has excluded U.S. persons from this offering. This development is expected to bring a surge of traders and investors to the crypto market, providing some support to the prices. For instance, amid a bearish market, Bitcoin and Ethereum prices traded in the red zone, with BTC price at $56,551 and Ethereum at $2,400.
Disclaimer: This summary may include the personal opinion of the author. Market conditions should be thoroughly researched before investing in cryptocurrencies. The author and the publication do not hold any responsibility for personal financial loss.
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Contact: 800-864-7000
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