**Crypto News**
### Good News for XRP, Solana (SOL), Cardano (ADA), Avalanche (AVAX), and Polkadot (DOT) from the Government-Backed Swiss Bank!
Positive developments have emerged for XRP, Solana (SOL), Cardano (ADA), Avalanche (AVAX), and Polkadot (DOT) from PostFinance, a bank entirely owned by the Swiss government.
**Author:**
Elif Azra Güven
**Date:**
02.07.2024 – 13:02
**Last Update:**
22 mins ago
While the Bitcoin and cryptocurrency markets have been relatively stable recently, PostFinance, a major Swiss financial institution, has brought good news for the aforementioned altcoins. The bank has announced that it will now provide trading and custody services for XRP, SOL, ADA, AVAX, and DOT to its customers.
“We now offer trading and custody for Avalanche, Cardano, Polkadot, Ripple, and Solana,” stated PostFinance.
**Response from Cardano Founder Charles Hoskinson!**
Charles Hoskinson, the founder of Cardano, reacted to this announcement on his X account, sharing a fun fact about his longstanding relationship with PostFinance.
“Fun Fact: While we were at Ethereum, PostFinance was actually one of our first banking partners. They were always nice and easy to work with,” Hoskinson commented.
In response, the PostFinance team replied, “Hello, it’s always nice to see old friends! We are happy that Cardano is now part of our crypto offering.”
— PostFinance (@PostFinance)
July 2, 2024
Back in April 2023, PostFinance collaborated with Sygnum Bank to offer cryptocurrency services. This partnership enables PostFinance customers to buy, store, and sell cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) through Sygnum’s B2B banking platform.
*Note: This is not investment advice.*
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