On the 4th (local time), Zurich Kantonalbank announced through an official announcement that it will provide trading and custody services for Bitcoin and Ethereum.
"The service will be seamlessly integrated into existing channels and will be available to both consumers and third-party banks," the company said in a statement.
ZKB is the largest cantonal bank in Switzerland and the fourth largest bank in Switzerland, with total assets of CHF 200 billion (
According to the announcement, ZKB customers can transfer crypto assets (
"The cryptocurrency will be integrated into the existing portfolio view," said Alexandra, head of institutional clients at ZKB.
Scriba said, "Our newly launched cryptocurrency service provides a high level of security and can be integrated with other currencies and applications.
"For virtual currencies, ZKB plays an important role in safely storing private keys. Customers and third-party banks do not need separate wallets and can directly store private keys," he said.
"You don't have to worry about that. ZKB manages it all for you."
2024/09/05 14:44 KST
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