Managing deposits of 30 billion dollars in Switzerland, one of the financial centers of the world Bank Syz announced that it will set up a new crypto department.
Bank Syz, one of the leading banks in the country, plans to offer trading and storage services to its customers through its crypto department. Valerie Noel, Head of Commerce at Bank Syz, made the following statement after the new department announcement:
“With our new digital asset department, we aim to provide our customers with one-stop access to various financial instruments. That’s why we’re building a bridge between traditional finance and decentralized finance (DeFi).”
According to the announcement made by Bank Syz, customers can access the new crypto department. Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC) and Chainlink (LINK) able to trade. Customers will also have the opportunity to store their cryptocurrencies with bank assurance.
Bank Syz CIO (Chief Investment Officer) Charles-Henry Monchau mentioned that investors will be able to access digital assets more risk-free with bank assurance. Monachu stated that he is pleased to see the traditional and digital asset finance world appear as a whole thanks to Syz Crypto.
Banks Related to Crypto Industry
In recent years, investors cryptocurrency demanding the market more, pushes banks to make new initiatives in this regard. Many traditional financial institutions such as Robinhood in the USA, Revoult in the UK and Itau from Brazil have started to provide crypto services in recent years.
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