Sygnum Bank has integrated its regulated cryptocurrency offering into Bancastato’s online banking system, opening access for customers in Switzerland’s canton of Ticino to trade and hold four digital assets without setting up a separate exchange account. Through Bancastato’s web and mobile channels, eligible clients can buy, sell, and hold BTC, ETH, LTC, and SOL.
The move also makes Bancastato the first bank in an Avaloq software-as-a-service banking environment to offer cryptocurrency trading through Sygnum’s application programming interface. Clients can place market orders either by cryptocurrency amount or by U.S. dollar value. Sygnum handles trade execution, while Bancastato keeps control of the customer relationship, branding, and front-end experience.
Sygnum said its B2B platform already provides trading, custody, compliance, and settlement infrastructure to more than 25 banks and international financial institutions. Named partners include Zuger Kantonalbank, Luzerner Kantonalbank, Postfinance, and VZ Vermögenszentrum. According to Sygnum, those partnerships have extended regulated digital asset services to more than one-third of Switzerland’s population through existing banking relationships.
Sygnum Bank has integrated its regulated cryptocurrency services into Bancastato’s online banking system, giving customers in the Swiss canton of Ticino access to crypto trading directly through the bank’s existing channels.
Those clients can now buy, hold, and sell BTC, ETH, LTC, and SOL on Bancastato’s web and mobile banking interfaces without opening a separate exchange account.
Bancastato becomes first bank in Avaloq SaaS setup to offer crypto trading through Sygnum API
Bancastato is the first bank operating in an Avaloq software-as-a-service banking environment to provide cryptocurrency trading through Sygnum’s application programming interface.
Customers can submit market orders either by cryptocurrency amount or by U.S. dollar value. Sygnum is responsible for trade execution, while Bancastato retains the customer relationship, brand, and front-end experience.
Sygnum outlines reach of its B2B platform
Sygnum said its B2B platform provides trading, custody, compliance, and settlement infrastructure for more than 25 banks and international financial institutions. Partners named by the company include Zuger Kantonalbank, Luzerner Kantonalbank, Postfinance, and VZ Vermögenszentrum.
Sygnum said those partnerships, through existing banking relationships, have made regulated digital asset services available to more than one-third of Switzerland’s population.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
