Switzerland’s Zürcher Kantonalbank (ZKB), the fourth-largest bank in the country, has broken new ground by offering their retail customers access to buy, sell and hold Bitcoin and Ethereum. Additionally, the bank will offer their cutting-edge crypto services to other Swiss banks, with Thurgauer Kantonalbank already making use of ZKB’s crypto custody and trading system.
ZKB’s services are made possible through a strategic partnership with Deutsche Börse-owned Crypto Finance, a digital assets broker. Clients will easily access Bitcoin (BTC) and Ethereum (ETH) via familiar platforms such as ZKB’s mobile app, or their eBanking service; underscoring the bank’s dedication to integrating cryptocurrency into everyday banking.
ZKB is leading the way in financial crypto innovation, being one of the pioneering institutions to issue the world’s first digital bond on the Swiss SIX Digital Exchange in 2021. With cryptocurrency becoming mainstream, ZKB aims to facilitate ease and security for their clients. Instead of individuals fretting over the safety of private crypto keys, ZKB will manage the secure storage of these vital pieces of data.
Furthermore, ZKB’s service will not be exclusive for their customers; it extends to third-party banks, allowing for a wider reach of customers to gain access to trading and holding cryptocurrencies. The system is designed to cater to the customer’s needs, a major stride towards the global adoption of digital assets.