PostFinance Boosts Crypto Access: 22 Digital Assets Now Live for Swiss Traders

Swiss banking giant PostFinance is making waves in the crypto world. With this latest update, by adding six new coins. Now, customers can trade and hold a total of 22 cryptocurrencies right from the E-Finance platform or the PostFinance App. This move comes as demand for digital assets grows fast in Switzerland.

New Cryptocurrencies Join the Lineup

The fresh additions include popular names like Algorand (ALGO), Arbitrum (ARB), NEAR Protocol (NEAR), Stellar (XLM), USDC, and SUI. These coins bring more variety to users who want to diversify their crypto holdings.

• Algorand (ALGO): A fast and eco-friendly blockchain known for quick transactions and low fees.
• Arbitrum (ARB): A Layer 2 solution for Ethereum that makes trading cheaper and faster.
• NEAR Protocol (NEAR): Focuses on scalability and user-friendly apps for Web3.
• Stellar (XLM): Built for cross-border payments, great for sending money worldwide cheaply.
• USDC: A stablecoin pegged to the US dollar, perfect for reducing volatility risks.
• SUI: A new high-speed Layer 1 blockchain aiming to handle massive transaction volumes.

These assets are now stored safely in crypto custody accounts. PostFinance ensures top security, which is key for traditional bank customers entering crypto.

A Pioneering Move by PostFinance

Back in early 2024, PostFinance became the first systemically important Swiss bank to offer direct crypto trading. This was a big step for mainstream finance in a country famous for banking privacy and innovation.

Switzerland has long been crypto-friendly. Cities like Zug, known as ‘Crypto Valley,’ attract blockchain firms. PostFinance, part of the Swiss Post group, serves millions and now bridges traditional finance with digital assets.

Explosive Client Demand Drives Expansion

Why the rush to add more coins? Simple: customers want it. Since launch, over 36,000 crypto portfolios have opened. Traders have executed more than 565,000 deals. That’s huge growth in under a year.

“Our clients want to trade cryptocurrencies with their trusted primary bank. That is exactly what we provide, and we are consistently investing in the further expansion of our offering,” said Alexander Thoma, Head of Digital Assets at PostFinance.

This expansion responds directly to that demand. PostFinance now offers one of the widest crypto selections among retail banks in Switzerland.

Easy Access for Everyone

What sets PostFinance apart? Low barriers to entry. The minimum for crypto savings plans or single orders is just $50. This ‘democratizes’ crypto, making it open to everyday savers, not just whales.

Trade via app or web – super simple. No need for complex exchanges. Hold assets securely with bank-grade custody. It’s like having Bitcoin or Ethereum in your regular bank account, but expanded.

Why These 22 Cryptos Matter

With 22 assets, PostFinance covers top performers:

• Major ones like Bitcoin (BTC) and Ethereum (ETH) from the start.
• Stablecoins for steady value.
• Layer 1 and Layer 2 chains for speed and low costs.
• Payment-focused coins like XLM.

This mix helps users build balanced portfolios. In a volatile market, having stablecoins like USDC next to growth coins like SUI is smart.

Switzerland’s Crypto Edge

PostFinance’s push fits Switzerland’s lead in crypto adoption. The country has clear rules, licenses for exchanges, and even accepts crypto taxes in some cantons. Banks like PostFinance make it safe and regulated.

Compared to other banks, PostFinance stands out. Many still shy away from direct crypto. This broad lineup differentiates it and attracts new users.

What’s Next for PostFinance Crypto?

Expect more. With client numbers soaring, further expansions seem likely. Maybe DeFi tokens, NFTs, or staking rewards soon. Alexander Thoma’s words hint at ongoing investment.

For Swiss traders, this is a game-changer. Easy, secure crypto trading from a trusted bank lowers risks and opens doors. Whether you’re new or pro, 22 coins give plenty of options.

Final Thoughts

shows banks are all-in on crypto. It’s not just hype – real demand from real people. If you’re in Switzerland, check the app. Start with $50 and join the 36,000+ portfolios.

Stay tuned for more updates as crypto goes mainstream.

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