Swiss Banking Giant ZKB Partners with Crypto Finance to Offer Crypto Brokerage Services
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Zurich Cantonal Bank (ZKB), one of Switzerland’s largest banking institutions, has launched crypto brokerage services for its customers.
The bank has partnered with Crypto Finance AG, a subsidiary of the German multinational Deutsche Börse Group, to execute cryptocurrency trades.
As of September 4, ZKB now offers trading and custody services for Bitcoin and Ether, the bank said in an official press release.
ZKB said that the new services are integrated into existing banking channels, providing easy access for both individual clients and third-party banks.
Customers can now trade cryptocurrencies 24/7 via ZKB’s eBanking or Mobile Banking platforms.
The bank emphasized that cryptocurrency holdings will be included in the customer’s overall portfolio view, streamlining asset management within their traditional banking services.
Today Zürcher Kantonalbank (ZKB) launched a cryptocurrency service for its retail clients and third party banks. For crypto asset brokerage it partnered with Crypto Finance, the Deutsche Börse owned digital asset company with licenses from Switzerland’s FINMA and Germany’s BaFIN.…
“Our newly launched offering in the area of cryptocurrencies offers a high level of security and allows the integration of other currencies and applications,” Alexandra Scriba, ZKB’s head of institutional clients, said.
She explained that ZKB will take on the responsibility of securely storing the private keys for its customers.
“Customers and third-party banks therefore do not need their own wallet and therefore do not have to
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