PostFinance has expanded its cryptocurrency offerings by integrating Ripple’s XRP into its trading platform, utilizing Sygnum’s B2B platform for enhanced capabilities. This move underscores its commitment to lead in digital asset trading, marking a significant growth since its initial foray into the crypto market over a year ago.
In a recent announcement on July 1, 2024, PostFinance revealed the addition of five new cryptocurrencies for trading and custody: Avalanche, Cardano, Polkadot, Ripple (XRP), and Solana, thereby broadening their portfolio of digital assets.
PostFinance ventured into cryptocurrency trading in August 2023 through a strategic partnership with Sygnum Bank and Hong Kong history, leveraging Sygnum’s B2B banking infrastructure to provide cost-effective digital asset trading services to its customers. Initially offering prominent cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC), PostFinance expanded its portfolio in February by adding eleven more cryptocurrencies, enhancing accessibility to a wider range of digital assets.
Ripple, the entity behind XRP, achieved a significant milestone with Dubai’s approval for international transactions, a pivotal step in its global expansion strategy. This regulatory nod is expected to bolster Ripple’s global footprint and strengthen its market position.
Recent market data from CoinMarketCap indicates XRP trading at $0.4849, reflecting a 0.61% increase over the past 24 hours and a bullish trend of 2.14% over the last seven days.
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