While Bitcoin and the broader cryptocurrency markets are experiencing a period of stagnation, PostFinance, a bank fully owned by the Swiss government, has provided some positive news for 5 altcoins. PostFinance, one of the largest financial institutions in Switzerland, announced that it now offers trading and custodial services for these cryptocurrencies – Avalanche, Cardano, Polkadot, XRP, and Solana.
Fun Fact: when I was at Ethereum, Postfinance was actually one of our first banking partners. They were always nice and easy to work with.
https://t.co/w9jCTXDeeH
– Charles Hoskinson (@IOHK_Charles)
July 1, 2024
Cardano founder Charles Hoskinson responded positively to ADA’s inclusion in PostFinance, sharing in his X profile his longstanding relationship with the bank. “Fun fact: While we were in Ethereum, PostFinance was actually one of our first banking partners. They were always nice and easy to work with,” said Hoskinson.
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In response, the PostFinance team commented: “Hello, it’s always nice to see old friends! We are happy that Cardano is now part of our crypto offering.”
In April 2023, PostFinance partnered with Sygnum Bank to expand its services in the cryptocurrency field. This collaboration allows PostFinance’s clients to buy, store, and sell cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) through Sygnum’s B2B banking platform.
