Luzerner Kantonalbank (LUKB) will begin offering deposit and delivery services for Bitcoin and Ethereum starting October 1, 2024, becoming the first traditional bank in Switzerland to do so among cantonal banks. This service allows customers to transfer cryptocurrencies from other wallets to their securities custody account, complementing LUKB's existing crypto trading and custody offerings. The bank ensures secure custody of cryptocurrencies by adhering to recognized security standards, certified under the ISAE 3000 standard.
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