PostFinance, a Swiss government-owned bank, has revealed the addition of Cardano and four new cryptocurrencies to its trading and custody platform. This is besides the Bitcoin (BTC) and Ethereum (ETH) it generally supports.
PostFinance Listing to Revolutionize the Crypto Industry
The cryptocurrencies include XRP, Solana (SOL), Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX). This move aligns with the bank’s product strategy to enhance its involvement with digital assets.
This latest news came after the firm launched a crypto service in February. These products hinges on fueling customers purchases, storing about 11 digital assets in an easy way or ultimately setting up a crypto savings plan. While this new milestone showcases the firm’s unwavering commitment to its customers, it also shows a continuous effort to innovate.
More importantly, the listing will provide significant benefits for both the added digital assets and their communities. These crypto assets could gain increased visibility and accessibility to more users and investors, boosting their value.
There is a general enthusiasm in the industry, one that key stakeholders are looking to capitalize on. This enthusiasm was shown as Genesis Digital Assets pushed to go public via an IPO in the US. The firm is betting on the potentials of BTC to gain more positive traction in the future. This projection is aligns with other advocates of the coin.
Cardano Founder Endorses PostFinance Support
Charles Hoskinson, the creator of the digital asset Cardano (ADA) has shown his support for the financial firm in a recent X post.
Fun Fact: when I was at Ethereum, Postfinance was actually one of our first banking partners. They were always nice and easy to work with. https://t.co/w9jCTXDeeH
— Charles Hoskinson (@IOHK_Charles) July 1, 2024
In addition, he praised the firm for its early backing during his time with Ethereum. He also highlighted the firm’s massive influence over the token values.
He hoped this listing could drive Cardano towards making substantial industry changes. It is worth mentioning that the despite the current market downturn, analysts are bullish on Cardano’s future. At the time of writing, Cardano (ADA) is valued at $0.4077, down by 1.19% in the last 24 hours. It has recorded a 24-hour trading volume of $296,858,134.
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