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PostFinance, a bank fully owned by the Swiss government, has introduced XRP, Solana, Cardano, Avalanche, and Polkadot trading services for its customers.

PostFinance, a Swiss government-owned bank, has expanded its cryptocurrency offerings, according to a recent announcement. The bank has launched Ripple (XRP), Solana (SOL), Avalanche (AVAX), Cardano (ADA), and Polkadot (DOT) trading services. Moreover, this move is part of PostFinance’s ongoing strategy to integrate digital assets into its services.

PostFinance Expands Crypto Offering With XRP, ADA, SOL & Others

In April 2023, PostFinance partnered with Sygnum Bank to provide regulated crypto services. This collaboration allows PostFinance customers to buy, store, and sell cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) using Sygnum’s B2B banking platform. Moreover, at the time, Fritz Jost, Sygnum’s chief B2B officer, emphasized that this partnership represents a significant step towards broader adoption of digital assets in Switzerland.

Moreover, recently, the bank announced the launch of XRP, AVAX, ADA, SOL, and DOT trading on its platform. Furthermore, the Swiss bank also noted that it will offer custody services for these cryptocurrencies. The announcement read, “We now also offer the Avalanche, Cardano, Polkadot, Ripple and Solana #cryptocurrencies for trading and custody.”

The addition of AVAX, ADA, DOT, XRP, and SOL to PostFinance’s crypto offerings aligns with the growing interest and development in these blockchain platforms. According to analytics firm Santiment, Cardano, Solana, and Polkadot have shown strong development activity, often surpassing Ethereum in GitHub submission rates. This highlights their ongoing innovation and robust developer communities.

Moreover, Charles Hoskinson, founder of Cardano, acknowledged PostFinance’s early support for Ethereum. Hoskinson highlighted the latest update on X and affirmed his longstanding positive relationship with the bank.’