Zürcher Kantonalbank (ZKB), Switzerland’s fourth-largest bank, has launched 24/7 trading and secure storage for Bitcoin and Ethereum, allowing customers to trade via ZKB eBanking and Mobile Banking. The bank emphasizes security by managing private keys, alleviating customers’ concerns about wallet management. Additionally, ZKB offers a B2B solution for other Swiss banks to provide crypto trading and custody services, with Thurgauer Kantonalbank as the first partner.
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Zurich Cantonal Bank launches Bitcoin and Ether trading services for clients
Zurich Cantonal Bank (ZKB), Switzerland’s largest cantonal bank, has launched trading and custody services for Bitcoin and Ether, allowing customers to trade cryptocurrencies 24/7 via ZKB eBanking and Mobile Banking platforms. The bank ensures high security by managing private keys, eliminating the need for customers and third-party banks to maintain their own wallets.
read moreZKB and TKB Launch Cryptocurrency Trading and Custody Services for Clients
Zürcher Kantonalbank (ZKB) has launched cryptocurrency trading and custody services, allowing customers and third-party banks to trade Bitcoin and Ethereum through their existing accounts. The service, integrated into e-banking and mobile banking, ensures secure storage of private keys, eliminating the need for personal wallets. Thurgauer Kantonalbank (TKB) is the first partner to utilize this offering, with trades executed via Crypto Finance, a Deutsche Börse Group subsidiary.
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U.S. stocks rose as hopes for lower inflation and potential interest rate cuts lifted the S&P 500 to a new record. Relief in the bond market and strong performance from real estate and homebuilder stocks drove the market higher. However, concerns about stalling consumer spending and a discouraging report on manufacturing in New York state tempered the gains.
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