Zurich Cantonal Bank Expands Financial Services with Crypto Offering

Zurich
Cantonal
Bank
(ZKB),
the
fourth-largest
bank
in
Switzerland,
has
expanded
its
financial
services
by
officially
launching
cryptocurrency
trading
and
custody
options.
With
this
move,
ZKB
is
stepping
into
the
growing
crypto
market,
providing
clients
with
the
ability
to
trade
and
store
both
Bitcoin
and
Ethereum.

ZKB
Partners
with
Crypto
Finance
AG
for
Secure
Crypto
Trading
and
Custody

In
a
press
release
dated
September
4,
the
bank
detailed
how
the
new
cryptocurrency
offering
will
be
fully
integrated
into
its
existing
digital
platforms,
such
as
ZKB
eBanking
and
ZKB
Mobile
Banking.
To
facilitate
the
execution
of
these
crypto
trades,
the
bank
has
formed
a
partnership
with

Crypto
Finance
AG,
a
subsidiary
of
Deutsche
Börse
Group.

Alexandra
Scriba,
ZKB’s
head
of
institutional
clients
and
multinationals,
highlighted
that
the
bank
will
simplify
the
process
for
customers.
Clients,
as
well
as
third-party
banks,
will
not
need
to
manage
their
own
cryptocurrency
wallets
or
worry
about
the
security
of
their
private
keys,
as
the
bank
will
handle
both
storage
and
key
management
on
their
behalf.

ZKB
Extends
Crypto
Services
to
Other
Swiss
Banks
through
B2B
Solutions

In
addition
to
offering
crypto
services
to
its
direct
clients,
ZKB
is
also
providing
a
business-to-business
(B2B)
solution
for
other
Swiss
banks.
This
service
allows
these
banks
to
offer

cryptocurrency
trading
and
custody
services
to
their
customers.
The
press
release
further
notes
that
Thurgauer
Kantonalbank,
another
Swiss
cantonal
bank,
is
the
first
partner
to
adopt
this
new
service.

ZKB’s
latest
move
builds
on
its
previous
efforts
in
the
blockchain
and
crypto
space.
In
recent
years,
the
bank
has
actively
explored
blockchain
technology,
including
its
participation
in
issuing
the
world’s
first
digital
bond
on
the
SIX
Digital
Exchange
in
2021.
Moreover,
ZKB
was
a
joint
lead
manager
in
a
2023
pilot
project
by
the
Swiss
National
Bank,
which
involved
the
issuance
of
digital
bonds
using
central
bank
digital
currency.

This
expansion
into
crypto
services
by
ZKB
comes
amid
a
broader
trend
of
Swiss
financial
institutions
incorporating
cryptocurrency
offerings.
For
instance,
in
late
June,
Sygnum,
another
Zurich-based
bank
known
for
being
crypto-friendly,
expanded
its
B2B
services.
Sygnum
now
serves
over
20
entities,
including
PostFinance,
Zuger
Kantonalbank
(ZugerKB),
and
Luzerner
Kantonalbank
(LuzernerKB),
thus
broadening
crypto
market
access
to
a
significant
portion
of
the
Swiss
population.

ZKB’s
continued

exploration
of
blockchain
and
cryptocurrency
reflects
the
increasing
demand
for
such
services
in
Switzerland.
The
bank’s
efforts
are
part
of
a
wider
industry
shift
toward
embracing
digital
assets,
with
various
institutions
in
the
country
taking
steps
to
provide
secure
and
regulated
crypto-related
services.

JUST
IN:
????????$290
billion
Zurich
Cantonal
Bank
launches

#Bitcoin
and
crypto
offerings.

pic.twitter.com/ILUTSHWn8V

—
Bitcoin
Magazine
(@BitcoinMagazine)

September
4,
2024

Crypto
All-Stars:
A
Standout
Meme
Coin
Presale
with
Unique
Staking
Utility

Crypto
All-Stars
has
quickly
gained
recognition
as

one
of
the
most
notable
crypto
presales
of
the
year,
not
only
for
its
status
as
a
new
meme
coin
but
also
for
the
innovative
staking
utility
it
offers.
Unlike
the
typical
“presale
staking”
found
in
many
other
crypto
projects,
Crypto
All-Stars
has
introduced
a
special
feature
called
the
“MemeVault,”
which
allows
investors
to
stake
popular
meme
coins
like
Dogecoin,
Floki
Inu,
Pepe,
and
eight
others.

This
distinct
staking
feature
aims
to
unify
the
meme
coin
community
by
offering
profit
opportunities.
Crypto
All-Stars
refers
to
the
staking
process
as
“vaulting,”
and
participants
in
this
process
are
rewarded
with
$STARS
tokens.
The
concept
of
“vaulting”
aligns
with
the
visuals
on

the
Crypto
All-Stars
website,
which
features
2D
artwork
depicting
top
meme
coins
interacting
with
one
another.

Thanks
to
this
staking
utility
and
its
engaging
visual
representation,
Crypto
All-Stars
has
managed
to
raise
over
$340,000
in
just
a
few
days
since
the
presale
began.
This
early
success
highlights
the
project’s
potential
to
attract
further
attention
as
it
taps
into
the
existing
popularity
of
the
meme
coins
featured
on
its
platform.
The
presale
is
expected
to
benefit
from
this
viral
appeal,
creating
a
buzz
on
social
media
that
could
further
boost
its
visibility.

For
investors
looking
to
capitalize
on
the
widespread
appeal
of
meme
coins,
Crypto
All-Stars
presents
an
opportunity
to
leverage
this
viral
factor.
With
its
unique
combination
of
staking
utility
and
the
incorporation
of
well-known
meme
coins,
it
offers
a
potential
avenue
for
those
seeking
to
invest
in
a
project
that
unites
the
meme
coin
community
while
providing
financial
incentives.

Visit
Crypto
All-Stars
Presale

Related
News