One of Switzerland’s banks, Zurich Cantonal Bank, has just launched cryptocurrency trading for its customers. The bank now supports trading and custody services for Bitcoin and Ether. They have seamlessly integrated the new feature into their current services and are available to customers and other banks.
Furthermore, locally known as Zürcher Kantonalbank (ZKB), Zurich Cantonal Bank is the biggest cantonal bank and the fourth-largest bank in Switzerland, boasting total assets of 200 billion Swiss francs.
ZKB announced that its customers can now trade cryptocurrencies 24/7 directly through the ZKB eBanking or ZKB Mobile Banking platforms. The bank also mentioned that they will seamlessly integrate cryptocurrency holdings into users’ existing portfolio views.
ZKB crypto custody solution for third-party banks
Moreover, Zürcher Kantonalbank (ZKB) recently launched a new crypto custody and trading service that is now open to individual users and other banks. Specifically, this B2B offering allows Swiss banks to provide their customers with the ability to trade and securely store Bitcoin (BTC) and Ethereum (ETH).
The Swiss bank serving the canton of Thurgau, Thurgauer Kantonalbank, is making headlines as the first partner bank to adopt ZKB’s B2B service. Additionally, the fintech company that is part of Deutsche Börse Group Crypto Finance AG will handle the orders.
ZKB was established in 1870 to serve the people of Zurich. Recently, the bank has been delving into the world of blockchain and cryptocurrencies. Notably, in 2021, they issued the world’s first digital bond on the SIX Digital Exchange.
In 2023, ZKB took on the role of joint lead manager for issuing digital bonds using the central bank’s digital currency as part of a pilot project run by the Swiss National Bank. Local crypto entrepreneur and investor Jakob Bosshard mentioned that ZKB launched its crypto services at least two months ago.
