In the world of cryptocurrencies, thanks to our articles, you know that more and more institutions are joining the industry, but it is still a tiny percentage compared to the institutions that refused to join the industry for various reasons. The latest potential institution to enter the industry is Swiss banking provider PostFinance, which has announced that the company is considering jumping on the “crypto board.”
“Our clients want direct access to this market through their house bank. Given the growing institutionalization [of cryptocurrencies] in the last 18 months, this is the ideal time to enter the market.”
The state-owned company PostFinance has been known for a long time to be actively leaning towards cryptocurrencies, as, for example, their Yuh application itself offers its clients the opportunity to freely buy, trade, and invest in 13 cryptocurrencies, including BTC and ETH, starting at $25. Additionally, they are introducing one of the first NFT postage stamps next month. So, suppose all goes according to plan. In that case, PostFinance will soon join the likes of JPMorgan Goldman Sachs, Citibank, and Fidelity, global banking institutions that currently provide cryptocurrency services to their clients.
