Zurich Cantonal Bank, one of the largest banks in Switzerland, has announced the launch of cryptocurrency trading and custody services for Bitcoin (BTC) and Ether (ETH). According to the announcement, ZKB customers will be able to trade cryptocurrencies on a 24/7 basis directly through ZKB eBanking or ZKB Mobile Banking platforms. "The cryptocurrency holdings will be integrated into the existing portfolio view," the bank noted.

ZKB's head of institutional clients, Alexandra Scriba, stated that the bank's newly launched offering in the area of cryptocurrencies offers a high level of security and allows the integration of other currencies and applications. She added that ZKB decided to handle the private key management and not to outsource this task to a third party, as the "safekeeping of our client's assets is our highest priority."

The move by Zurich Cantonal Bank, the largest cantonal bank and the fourth-largest bank in Switzerland, with total assets of 200 billion Swiss francs ($235 billion), is the latest example of a major financial institution embracing cryptocurrency trading and custody services. This development is seen as a significant step in the mainstream adoption of digital assets.

Source: https://cointelegraph.com/news/zkb-swiss-bank-bitcoin-ether-crypto-trading

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