It’s now getting serious: crypto is becoming a regulated mass business in Switzerland. Post subsidiary Postfinance and crypto bank Sygnum are at the forefront here.
Postfinance, in cooperation with Swiss-Singaporean bank Sygnum, is launching a crypto offering, as the two companies announced on Tuesday.
This is to provide Postbank’s 2.5 million customers, representing over 100 billion Swiss francs ($114 billion) in customer assets and 1.3 billion payment transactions per year, with secure access to crypto markets at attractive conditions, as the two financial services providers promoted.
API Access
Postfinance customers will be able to access specialist Sygnum’s services through a digital interface (API). These services include trading, account management, and even savings plans, it is reported. Users can access them by logging into the Postfinance account or in the app. The offering includes 11 cryptocurrencies. The entry threshold is just $50.
Sygnum claims it already serves over 15 Swiss banks and international financial banks via its platform.
