Swiss State Bank Adds New Crypto Services

While Bitcoin and the broader cryptocurrency markets are experiencing a period of stagnation, PostFinance, a bank wholly owned by the Swiss government, has provided some positive news for 5 altcoins.

PostFinance, one of the largest financial institutions in Switzerland, has announced that it now offers trading and custody services for these cryptocurrencies – Avalanche, Cardano, Polkadot, XRP и Solana.

Fun Fact: when I was at Ethereum, Postfinance was actually one of our first banking partners. They were always nice and easy to work with. https://t.co/w9jCTXDeeH

— Charles Hoskinson (@IOHK_Charles) July 1, 2024

Cardano founder Charles Hoskinson reacted positively to ADA’s inclusion in PostFinance, sharing on his X profile about his long-standing relationship with the bank.

“Fun fact: While we were in Ethereum, PostFinance was actually one of our first banking partners. They have always been nice and easy to work with”, Hoskinson said.

In response, the PostFinance team commented: “Hello, it’s always nice to see old friends! We are happy that Cardano is now part of our crypto offering”.

In April 2023, PostFinance partnered with Sygnum Bank to expand its cryptocurrency services.

This collaboration enables PostFinance customers to buy, store and sell cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) through Sygnum’s B2B banking platform.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.