{"id":3520,"date":"2024-09-04T13:02:09","date_gmt":"2024-09-04T13:02:09","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=3520"},"modified":"2024-09-04T13:02:09","modified_gmt":"2024-09-04T13:02:09","slug":"switzerlands-fourth-largest-bank-zkb-launches-bitcoin-trading","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=3520","title":{"rendered":"Switzerland&#8217;s Fourth Largest Bank ZKB Launches Bitcoin Trading"},"content":{"rendered":"<p>Z\u00fcrcher Kantonalbank (ZKB), Switzerland&#8217;s fourth-largest bank, <a href=\"https:\/\/www.zkb.ch\/de\/blog\/themen\/kryptowaehrungen-uebersichtseite.html\">has begun offering<\/a> its clients Bitcoin and crypto trading and custody services. With over $290 billion in assets under management, ZKB provides services to retail, corporate, and institutional clients.\u00a0<\/p>\n<p>JUST IN: \ud83c\udde8\ud83c\udded$290 billion Zurich Cantonal Bank launches <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> and crypto offerings. <a href=\"https:\/\/t.co\/ILUTSHWn8V\">pic.twitter.com\/ILUTSHWn8V<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1831295803249275119?ref_src=twsrc%5Etfw\">September 4, 2024<\/a><\/p>\n<p>ZKB now allows clients to trade and hold Bitcoin and crypto through its mobile app, online banking, and traditional channels. The bank partnered with Deutsche B\u00f6rse-owned Crypto Finance AG for brokerage services and developed its own custody solution.<\/p>\n<p>The move reflects the country&#8217;s openness to Bitcoin, and cements ZKB as one of the largest mainstream financial institutions to embrace Bitcoin. Switzerland has taken a relatively positive stance on Bitcoin and crypto, including the <a href=\"https:\/\/bitcoinmagazine.com\/tags\/swiss-national-bank\">Swiss National Bank<\/a>, revealing it held shares in MicroStrategy.<\/p>\n<p>The launch comes as more major financial players adopt Bitcoin and crypto offerings amid Bitcoin&#8217;s surge in legitimacy. In the U.S., the successful debut of Bitcoin ETFs has accelerated institutional adoption. ZKB&#8217;s move may pressure other Swiss and European banks to provide Bitcoin services.<\/p>\n<p>Banks worldwide, such as <a href=\"https:\/\/bitcoinmagazine.com\/business\/hong-kongs-largest-online-broker-launched-bitcoin-trading\">Hong Kong&#8217;s Futu<\/a> and <a href=\"https:\/\/bitcoinmagazine.com\/business\/standard-chartered-subsidiary-bank-launches-bitcoin-etfs-trading\">Standard Chartered&#8217;s Mox<\/a>, have also recently launched Bitcoin and Bitcoin ETFs trading. This growing trend shows that traditional finance is increasingly embracing Bitcoin.<\/p>","protected":false},"excerpt":{"rendered":"<p>Z\u00fcrcher Kantonalbank (ZKB), Switzerland&#8217;s fourth-largest bank, has begun offering its clients Bitcoin and crypto trading and custody services. With over $290 billion in assets under management, ZKB provides services to retail, corporate, and institutional clients.\u00a0 JUST IN: \ud83c\udde8\ud83c\udded$290 billion Zurich Cantonal Bank launches #Bitcoin and crypto offerings. pic.twitter.com\/ILUTSHWn8V \u2014 Bitcoin Magazine (@BitcoinMagazine) September 4, 2024 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":3521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/3520"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3520"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/3520\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/3521"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}