Swiss Bank to Enable Crypto Trading for 2.5 Million Clients
PostFinance Bank, one of Switzerland's largest retail banks, has partnered with Sygnum Bank, a digital bank, to provide crypto trading services to its 2.5 million customers.
The partnership will enable PostFinance’s customers to buy, sell, and store popular cryptocurrencies such as Ethereum and Bitcoin.
The move is seen as a response to the growing demand for digital asset investments among banks’ customers, including non-fungible tokens (NFTs).
PostFinance’s CIO, Philipp Merkt, has acknowledged the growing significance of digital assets in the financial world, stating that “our customers want access to this market at PostFinance, their trusted principal bank.”
He believes partnering with a reliable and well-established institution like Sygnum Bank, which offers excellent service, has become more critical than ever.
Switzerland is leading the way in crypto adoption, with PostFinance Bank joining other banks to address the surging demand for digital asset investments. Liechtenstein’s VP Bank recently partnered with Metaco to provide its clients with digital assets custody and tokenization services.
READ MORE: Enable Crypto Trading for 2.5 Million Customers in Switzerland
Meanwhile, Germany’s largest banks, DekaBank and DZ Bank, have partnered with Metaco to offer crypto custody services to institutional clients. N26, the Neobank, has also expanded its crypto trading services to various European countries, including Switzerland, Germany, Ireland, Belgium, and Portugal.
The developments in Europe come as Bitcoin’s price has risen by more than 70% since January 2023, indicating a growing interest in cryptocurrencies as an investment asset class.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
