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Switzerland’s fourth-largest bank, Zürcher Kantonalbank (ZKB), has introduced trading and secure storage for major digital assets, including Bitcoin and Ethereum, according to a Sept. 4 announcement.
According to the bank, its customers can now trade BTC and ETH around the clock through its existing ZKB eBanking or ZKB Mobile Banking. It added that this was facilitated through its partnership with .
Alexandra Scriba, Head of Institutional Clients & Multinationals at ZKB, pointed out that the firm’s crypto trading service offers a high level of security and allows the integration of other currencies and applications.
Meanwhile, the bank also offers a business-to-business solution that allows other Swiss banks to provide crypto trading and custody services. Thurgauer Kantonalbank is the first partner bank to adopt this service.
ZKB’s new crypto trading services launch reflects a broader trend of major financial institutions adopting Bitcoin and other crypto offerings.
On Sept. 3, Cantor Fitzgerald CEO Howard Lutnick pointed out Bitcoin’s potential to become a pivotal asset in the financial industry. He stated:
Already, the industry is seeing that in the US, the successful rollout of Bitcoin and Ethereum exchange-traded funds (ETFs) has fueled institutional interest in the sector. Bitwise CIO Matt Hougan noted that the institutional adoption of the products, particularly the Bitcoin ETFs, was occurring at an unprecedented pace.
English (US) · 