Switzerland's ZKB Launches Bitcoin and Ethereum Trading for Retail Customers

Wednesday, 4 September 2024, 15:42

Switzerland's ZKB has officially launched a service enabling retail customers to trade Bitcoin and Ethereum. This step also empowers other Swiss banks to offer similar crypto services. Thurgauer Kantonalbank is the first to partner with ZKB for cryptocurrency trading.
CoinDesk
Switzerland's ZKB Launches Bitcoin and Ethereum Trading for Retail Customers

ZKB Ventures into Cryptocurrency Trading

Switzerland's Zürcher Kantonalbank (ZKB) has taken a significant leap by introducing trading options for Bitcoin and Ethereum to retail customers. This initiative signifies the growing acceptance of cryptocurrencies in traditional finance.

Implications for Other Swiss Banks

The integration of cryptocurrency services by ZKB allows other banks in Switzerland to follow suit. Thurgauer Kantonalbank has become the first bank to take advantage of this new offering, marking a pivotal moment in Swiss banking.

  • Bringing crypto to retail investors.
  • Stepping up competition among Swiss banks.

This move reflects a broader trend towards digital currencies gaining traction and being recognized within mainstream banking.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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