- PostFinance, a bank fully owned by the Swiss government, has delivered promising news for XRP, Solana (SOL), Cardano (ADA), Avalanche (AVAX), and Polkadot (DOT).
- This announcement comes during a period of lateral movement in the Bitcoin and cryptocurrency markets.
- PostFinance has declared that it will now offer trading and custody services for these select cryptocurrencies.
PostFinance’s new service expansion brings trading and custody for XRP, SOL, ADA, AVAX, and DOT, marking a significant move for the Swiss government-backed bank.
Cardano Founder Charles Hoskinson Reacts to PostFinance’s ADA Initiative
Charles Hoskinson, the founder of Cardano, responded to PostFinance’s inclusion of ADA with a post on his social media account, revealing a long-standing relationship with the bank.
Hoskinson Shares Insight on Early Collaborations
Hoskinson remarked, “Fun Fact: When we were developing Ethereum, PostFinance was actually one of our first banking partners. They were always courteous and easy to work with.” He further expressed his enthusiasm for Cardano’s latest integration.
PostFinance’s Response and Future Plans
The PostFinance team replied to Hoskinson’s post, “Hello, it’s always great to reconnect with old friends! We are delighted that Cardano is now a part of our crypto offerings.” This friendly exchange underscores the bank’s commitment to embracing cryptocurrency.
Strategic Partnership with Sygnum Bank
In April 2023, PostFinance partnered with Sygnum Bank to deliver cryptocurrency services. This strategic alliance enables PostFinance’s clients to use Sygnum’s B2B banking platform to buy, hold, and sell cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
Conclusion
In summary, PostFinance’s introduction of trading and custody services for XRP, SOL, ADA, AVAX, and DOT represents a significant development. The bank’s long-term vision and proactive steps indicate a promising future outlook in the expanding cryptocurrency market. As always, readers should consider this information carefully and stay informed about the latest financial practices.
