PostFinance, the fifth largest bank in Switzerland, will enable its more than two million customers to buy, sell and hold Bitcoin (BTC) by 2024.
PostFinance The Swiss-based bank also The banking arm of the Swiss post office serves as.
Bank, another Swiss bank for cryptocurrency services Swissquote announced that they have established a partnership with the company, but that they plan to establish an independent platform in the coming periods.
Head of PostFinance bank Sandra Lienhart “Our customers want direct access to this market through their banks,” he said in a statement on the subject. “Given the increasing institutionalization over cryptocurrencies over the past 18 months, we think this is an ideal time to enter the market.”
Swissquote, with which PostFinance will work as a partner in the first phase, in 2017 offering trading services for Bitcoin and last year over $104 million It became the first Swiss bank to make a large profit.
This is not the first collaboration between the two banks. Swissquote and PostFinance have in recent years “Hoot” and opened a large-scale space for its users to trade cryptocurrencies.
If PostFinance activates Bitcoin transactions in 2024, Julius Baer, Goldman Sachs, JP Morgan and fidelity It will join the ranks of other traditional institutions adopting Bitcoin, such as
The service will primarily focus on the trading and surveillance of Bitcoin and other cryptocurrencies, but will focus on the company’s product offerings. additional external to continue development reportedly looking for partners.