Customers can now trade and hold the cryptocurrencies Algorand (ALGO), Arbitrum (ARB), NEAR Protocol (NEAR), Stellar (XLM), USDC and SUI in their crypto custody accounts. As of today, a total of 22 cryptocurrencies are available to clients, according to a statement issued on Tuesday.

Postfinance introduced direct access to cryptocurrencies in early 2024, becoming the first systemically important Swiss bank to offer such a service.

Responding to Client Demand

With the latest expansion, the bank says it is responding to growing client demand. Since the launch of the offering, more than 36'000 crypto portfolios have been opened and over 565’000 trades have been executed.

«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.

With this broad selection of cryptocurrencies, Postfinance covers many of the most popular digital assets and clearly differentiates itself from other retail banks, the statement continues. In addition, the easily accessible offering is said to «democratize» the crypto market. The minimum investment threshold for crypto savings plans and individual orders is 50 dollar.