Billion-$-Bank offers Bitcoin, Ethereum and Polygon trading to millions of customers

• Syz Bank, via its crypto division, has chosen Taurus – a leading provider of digital asset infrastructure for banks in the European market – through its Taurus-Protect custody solution to secure clients’ assets, including Bitcoin.

• Ark Invest analyst expects the crypto industry, particularly the Bitcoin ecosystem, to tap into a $28 trillion global market.

The cryptocurrency market has received a bullish update from one of the Geneva, Switzerland-based financial services providers – Bank SYZ – that it will now offer digital asset custody and trading services to its local and offshore clients. Through its mission to innovate personal and futuristic finance, SYZ indicated that customers can now trade the largest digital asset by market capitalization, Bitcoin and two altcoins – Ethereum (ETH), Chainlink (LINK) and Polygon (MATIC).

The announcement comes as the Bitcoin market holds on to the recent $17k support, anticipating a possible Christmas rally. According to our latest crypto price oracles, Bitcoin has exchanged hands for $16,821 in the last two days. Ethereum (Eth), the largest smart contract ecosystem by total value locked, traded at around $1,232.

Read more: Bitcoin stable at $17k – Is the bottom finally in? Experts take

Polygon (MATIC) and Chainlink (LINK), on the other hand, were trading at $0.898289 and $6.89 respectively today, Wednesday.

The particular election of Bank Syz has significantly rejuvenated the possibilities of a possible Christmas rally among most cryptocurrency traders. Furthermore, the failure of FTX and Alameda has significantly increased uncertainty about centralized cryptocurrency service providers. Valérie Noël, head of trading at Bank Syz, noted

Bank Syz is among the most innovative Swiss private banks. With our new digital asset solution, we can offer a consolidated “one-stop shop” access to a wide range of financial instruments to customers. We are therefore building a bridge between traditional and decentralized finance,

In particular, Syz Bank, via its crypto division, has chosen Taurus – a leading provider of digital asset infrastructure for banks in the European market – through its custody solution Taurus-Protect to secure its customers’ crypto assets. For trading purposes, the Swiss bank has chosen platforms that offer services at the level of the bank’s high standards.

Commenting on the announcement, Charles-Henry Monchau, Bank Syz CIO, so:

“Thanks to our partnership with Taurus, we now offer our clients the convenience of accessing the digital asset world through a regulated custodian bank with strong investor protection and oversight. Syz Crypto also enables our clients to gain a holistic view of their traditional and digital assets in bank reporting.

The bigger picture for Bitcoin and the crypto market

The cryptocurrency market has scaled to a trillion-dollar industry within a decade. Nonetheless, market strategists expect the sector to attract trillions of dollars in the coming decades as regulators worldwide move toward crypto adoption. However, the crypto market has declined over $2.2 trillion in the past twelve months, following a sustained downward trend.

As geopolitical tensions among military superpowers increase over the war between Ukraine and Russia, the digital economy is expected to grow exponentially. Furthermore, cross-border transactions can be arranged reasonably and securely.

Ark Invest analyst expects the crypto industry, particularly the Bitcoin ecosystem, to tap into a $28 trillion global market.