Zürcher Kantonalbank becomes a pioneer in cryptocurrencies

Zürcher Kantonalbank becomes a pioneer in cryptocurrencies

Zürcher Kantonalbank (ZKB), the fourth largest bank in Switzerland, has started trading and custody of Bitcoin (BTC) and Ethereum (ETH) for its clients on September 4, 2023. The move reflects the growing interest in digital assets in the Swiss financial sector, known for its capacity for innovation.

The new services are fully integrated into the ZKB eBanking and ZKB Mobile Banking digital platforms. Clients can now manage both cryptocurrency and traditional assets in one place, simplifying portfolio management.

Alexandra Scriba, Head of Institutional Clients at ZKB, highlighted the high level of security of the new offering, which also allows for the integration of other applications. This confidence is key for clients looking for a reputable financial institution.

ZKB's new services are not only for its clients, but can also be used by other Swiss banks through ZKB. All transactions will be handled by Crypto Finance AG, a subsidiary of Deutsche Börse Group, which adds an extra layer of trust and security.

With the introduction of these services, ZKB confirms its commitment to innovation and strengthens the position of the Swiss financial sector as a progressive player on the global stage. The move may encourage investors and spur interest in cryptocurrencies and digital assets.

Team Coingarage