Swiss Bank, Dukascopy Bank SA and ZBX Digital Assets Exchange have announced a collaboration to offer their users a one stop shop for all crypto and banking needs. Users can now buy crypto assets with fiat and also open top tier Swiss bank accounts in 23 different currencies. This is a step in the right direction for the banking industry and a big step forward for the entire crypto world.

Trading pairs initially supported against the EURO will be Bitcoin and Ethereum with the list expected to quickly expand in the weeks following. Offering pairs against EURO will give investors a needed alternative to the US Dollar which is increasingly being shunned by investors due to geopolitical tensions.

Safety of assets is paramount and the collaboration offers the best of both worlds. Fiat assets will be held at Dukascopy Bank, whilst crypto assets will be held under the infrastructure of ZBX.

Speaking to the CEO of ZBX, Dave Pulis commented that “The collaboration brings together the best of both worlds, the premium banking services of a top tier Swiss Bank and the trading of digital assets by ZBX, operating on the blockchain Island, Malta”.

On behalf of the Swiss Bank, Dukascopy CEO Dr. Andre Duka noted that “We are pleased to welcome ZBX and its professional team as the new partner and the member of our novel financial ecosystem that pairs traditional banking with crypto-related services. In recent years, Dukascopy Bank has made substantial investments into developing a new model of cooperation with the crypto industry and now it starts to pay back with positive outcomes. Our clients and the clients of ZBX will certainly appreciate the opportunity to invest in global crypto markets while ensuring the safety of their fiat funds to a reputable Swiss Bank”. 

The essence of the collaboration implies that ZBX will become the crypto custodian for the clients of Dukascopy Bank and Dukascopy will provide fiat custody for the clients of ZBX. Consequently, fiat funds will be moved only inside Dukascopy Bank and digital assets will always remain under ZBX’s secure infrastructure.