PostFinance now offers its customers access to a total of 22 cryptocurrencies. The latest additions include Algorand (ALGO), Arbitrum (ARB), NEAR Protocol (NEAR), Stellar (XLM), USDC, and SUI.
The bank became the first systemically important financial institution in Switzerland to provide direct cryptocurrency access at the start of 2024.
In July, five further cryptocurrencies were added to its range. With this expansion, PostFinance offers a wide selection of popular digital assets, setting it apart from other retail banks in the country.
“Our customers want to trade cryptocurrencies with their trustworthy principal bank. We let them do exactly that, and we are consistently working on expanding our range even more,”
said Dr Alexander Thoma, Head of Digital Assets.
Customers have opened more than 36,000 crypto custody accounts and completed over 565,000 trades since the service launched.
PostFinance provides regulated access to cryptocurrencies through its banking platform, allowing customers to trade digital assets securely and conveniently from a single source.
Customers can trade digital assets directly through e-finance or the PostFinance App, using either a private or savings account.
The service lowers the entry threshold to US$50 for crypto saving plans and individual orders, making cryptocurrency trading more accessible and helping to gradually democratise the market.
Featured image credit: Edited by Fintech News Switzerland, based on image by rawpixel.com via Freepik
