Swiss state-owned bank PostFinance has revealed its plan to offer a “full range of crypto-currency services” to its 2.5 million customers.
Initially, the bank will allow customers to buy, hold and sell major cryptocurrencies such as bitcoin (BTC) and ether (ETH).
Philipp Merkt, Chief Investment Officer of PostFinance, emphasized that digital assets have become an essential part of the financial industry, and customers should have access to this market.
PostFinance has partnered with digital asset services provider Sygnum Bank, which received a banking license from Swiss regulators four years ago, to run the cryptocurrency program.
The Swiss National Bank recognized PostFinance as the country’s systemically important bank in September 2015.