The European cryptocurrency exchange Zondacrypto is expanding its presence in Switzerland by opening an office in the Crypto Valley and partnering with Incore Bank, the two companies announced on Tuesday.

Zondacrypto, a digital currency exchange with over 1.35 million users, is setting up its own office in Zug, further strengthening its activities in the region. «Switzerland is a key market for our global expansion strategy,» said Przemysław Kral, CEO of Zondacrypto.

Targeting More Banking Partnerships

At the same time, the company has announced a partnership with Incore Bank, which specializes in services for corporate clients and the management of both traditional and digital assets.

«Partnerships like this help bridge the gap between the traditional fiat world and the regulated digital asset ecosystem,» said Mark Dambacher, CEO of Incore Bank.

According to the press release, Zondacrypto plans to collaborate with additional partners in Switzerland.