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Zürcher Kantonalbank (ZKB) has enabled its clients to store and trade Bitcoin (BTC) and Ethereum (ETH). This service is also accessible to third-party banks.
Zürcher Kantonalbank (ZKB), the largest cantonal bank in Switzerland, has announced the initiation of cryptocurrency trading. Customers of ZKB can now trade BTC and ETH through the bank’s online banking platform and mobile application.
Crypto trading at ZKB will be available around the clock, with digital assets incorporated into clients’ overall portfolios. The trading of digital assets will be managed by FinTech firm Crypto Finance AG, a subsidiary of Deutsche Börse Group.
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The bank is also providing third-party banks with access to this new capability. ZKB’s initial crypto trading integration partner is Thurgauer Kantonalbank, whose clients will also have the ability to securely store and trade BTC and ETH.
The bank will manage the custody of private keys. According to Alexandra Scriba, Head of Institutional Client Department, ZKB will prioritize the security of clients’ crypto-assets, enhancing the process’s convenience and reliability.
Major financial institutions globally are actively investigating digital assets. Colombia’s Bancolombia, Germany’s financial leaders Landesbank Baden-Württemberg and DBK, Brazil’s Itaú Unibanco, and Europe’s largest banking group CACEIS have already launched their own platforms for trading or storing cryptocurrencies on behalf of their clients.
Сообщение Switzerland’s Largest Bank Launches Bitcoin and Ethereum Trading появились сначала на CoinsPaid Media.
