Swiss State Bank Launches Regulated Crypto Trading via Sygnum

iconKuCoinFlash
Share
This is the logo of the coin.
BTC
$81,276.10-4.02%
This is the logo of the coin.
ETH
$2,382.46-4.41%
This is the logo of the coin.
LTC
$58.52-5.56%
This is the logo of the coin.
SOL
$103.33-4.36%
AI summary iconSummary
The Swiss state bank BancaStato has launched a regulated crypto trading service, allowing customers to trade BTC, ETH, LTC, and SOL through Sygnum’s systems. The bank has integrated Sygnum’s custody and trading tools into its Avaloq platform, offering crypto trading strategies via a secure, institutional-grade infrastructure. Sygnum’s B2B platform is already used by over 25 financial institutions. In late June, Sygnum Europe AG received a MiCA-compliant crypto license. Support and resistance levels for major cryptocurrencies can now be analyzed directly within the bank’s apps.

Odaily Planet Daily reports that Swiss cantonal bank BancaStato has launched regulated cryptocurrency trading services using the systems of digital asset bank Sygnum and banking software provider Avaloq. The bank serves the Italian-speaking region of the canton of Ticino. BancaStato has joined Sygnum’s business-to-business banking platform, integrating Sygnum’s trading and custody services into its existing Avaloq banking system. Customers can buy, sell, and hold Bitcoin, ETH, LTC, and SOL through the bank’s web and mobile banking applications. Sygnum’s B2B platform is already used by over 25 financial institutions, with banking partners including Société Générale-FORGE, PostFinance, and VZ Depotbank. In late June, Sygnum announced that its Liechtenstein subsidiary, Sygnum Europe AG, has received a license as a crypto asset service provider under the MiCA framework.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.