The Swiss National Bank Introduces New Crypto Services

While Bitcoin and the broader cryptocurrency markets are experiencing a period of stagnation, PostFinance, a bank fully owned by the Swiss government, has provided some positive news for five altcoins. PostFinance, one of the largest financial institutions in Switzerland, has announced that it now offers trading and custody services for the following cryptocurrencies: Avalanche, Cardano, Polkadot, XRP, and 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. – Charles Hoskinson (@IOHK_Charles) July 1, 2024. Cardano founder Charles Hoskinson reacted positively to ADA’s inclusion in PostFinance, sharing in his X profile his longstanding relationship with the bank. “Fun fact: While we were at Ethereum, PostFinance was actually one of our first banking partners. They have always been kind and easy to work with,” said Hoskinson. Read more:

. Despite the price decline, big investors are still buying meme cryptocurrencies like PEPE. In response, the PostFinance team commented, “Hello, it’s always great 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 services in the field of cryptocurrencies. This collaboration allows PostFinance customers to buy, store, and sell cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) through Sygnum’s B2B banking platform.

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