Zurich Cantonal Bank (ZKB), a major Swiss bank, is now offering Bitcoin (BTC) and Ethereum (ETH) trading and custody services. This move marks another big step for crypto adoption in Europe.
ZKB Offers Crypto Trading and Custody
ZKB customers can now buy and sell Bitcoin and Ethereum through their existing online banking platforms. The bank has partnered with Crypto Finance AG, a subsidiary of the Deutsche Börse Group, to make this happen.
Security First
ZKB emphasizes the security of its crypto services. They handle the storage of private keys, meaning customers don’t have to worry about managing their own digital wallets.
More Than Just Customers
ZKB also offers its crypto services to other Swiss banks through a business-to-business (B2B) model. Thurgauer Kantonalbank is already using this service to offer crypto trading to its own customers.
Europe Embraces Crypto
Europe has been slow to embrace crypto due to strict privacy laws and a lack of clear regulations. However, things are changing. The recent approval of Bitcoin ETFs in the US and the growing acceptance of crypto worldwide are encouraging more European institutions to get involved.
A New Era for Crypto in Europe?
ZKB’s move is a sign that Europe is becoming more open to crypto. With more banks and institutions offering crypto services, the future of crypto in Europe looks brighter than ever.
