Major Swiss Bank ZKB Enters the Crypto Market with $BTC and $ETH Trading
Zurich Cantonal Bank (ZKB), Switzerland’s fourth-largest bank, now offers $BTC and $ETH trading through its e-banking and mobile platforms.
Key points:
- New crypto trading service: The bank now offers $BTC and $ETH trading for customers.
- Secure storage of crypto assets: The institution securely stores private keys for clients.
- 24/7 access: Customers can trade crypto anytime using its platforms.
- Third-party partnerships: The solution extends to other Swiss banks.
- History in digital assets: The bank has been involved in the crypto space since 2021.
A Swiss Giant Takes a Bold Step into Crypto
Zurich Cantonal Bank (ZKB), Switzerland’s fourth-largest bank with $450B AUM has launched a new service, allowing customers to trade $BTC and $ETH directly through its e-banking and mobile platforms. This initiative aims to offer a secure and seamless experience for crypto investors.
ZKB actively manages the security of its clients’ assets by storing private keys on their behalf.
This approach simplifies the process for users, who no longer need to handle their own wallets. By offering this service, ZKB ensures that crypto assets become an integrated part of its customers’ portfolios.
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Furthermore, ZKB’s trading service operates 24/7, reflecting the always-on nature of cryptocurrency markets. In addition to serving its own clients, ZKB has extended this solution to other Swiss banks.
“When it comes to cryptocurrencies, ZKB takes on the critical function of securely storing the private keys. Customers and third-party banks therefore do not need their own wallet and therefore do not have to worry about storing their own private keys. ZKB takes care of both.” – Alexandra Scriba, ZKB’s head of institutional clients
ZKB’s move into crypto builds on its previous efforts in the digital asset space. In 2021, the bank played a key role in issuing the world’s first digital bond on the SIX Digital Exchange.
With this latest development, ZKB not only solidifies its position in the crypto market but also expands opportunities for its customers and partner banks.
