Zondacrypto, based in Poland, with over 1.35 million users, announced its strategic expansion into Switzerland on January 14, 2025.
The company is trying to establish itself in Switzerland’s “crypto valley”, namely Zug.
In parallel with its expansion into Switzerland, Zondacrypto has entered into a partnership with Incore Bank. This Swiss B2B bank specializes in services for corporate clients and in the management of both traditional and digital assets.
Commenting on the development, Przemysław Kral, CEO of Zondacrypto, said: “Switzerland is a key market for our global expansion strategy.”
We are officially in Switzerland!
We are excited to officially announce our expansion into Crypto Valley in Zug and a strategic partnership with Incore Bank. Together we provide secure and innovative cryptographic solutions for the Swiss market.
With this collaboration,… pic.twitter.com/VVOAIZj1xw
— zondacrypto (@zondacrypto) January 14, 2025
Zondacrypto seeks to fit into Switzerland’s advanced regulatory framework
Zug is widely recognized as the “Crypto Valley” thanks to its vibrant blockchain and cryptocurrency ecosystem. It has attracted numerous blockchain startups and established companies thanks to its business-friendly policies.
By establishing itself in Zug, the company aims to take advantage of the region’s advanced regulatory framework and strong financial infrastructure. These factors have made Zug a magnet for blockchain companies from around the world.
Furthermore, this collaboration is poised to create synergies between the traditional banking sector and the rapidly growing cryptocurrency ecosystem.
Commenting on the collaboration, Mark Dambacher, CEO of Incore Bank, said: “Partnerships like this bridge the gap between the traditional fiat world and the regulated digital asset ecosystem.”
“Working together, Zondacrypto and Incore Bank aim to promote trust and accessibility in cryptocurrency services by adhering to Switzerland’s rigorous regulatory standards,” Dambacher added.
Furthermore, Zondacrypto has expressed its intention to collaborate with other Swiss partners to further integrate traditional financial services with blockchain technology.
Kral rightly observed: “Switzerland is not just another market; it is a cornerstone of our global ambitions.”
Explore: The 5 Most Crypto-Friendly Countries in 2024!
In addition to Zug, Lugano has also become known as a crypto-friendly city. Credit for this goes to Michele Foletti, mayor of Lugano, who has become known as the crypto mayor of Switzerland. Crypto Mayor of Switzerland, together with Tether CEO Paolo Ardoino, inaugurated a statue of Satoshi Nakamoto in Lugano on October 25, 2024.
“Lugano is quickly becoming a leading hub for digital innovation, and this statue honors Satoshi Nakamoto but also embodies the forward-thinking spirit that drives our city,” Foletti noted.
Explore: Crypto Mayor Unveils Satoshi Nakamoto Statue in Switzerland. And why did Tether’s CEO move his headquarters to Lugano?
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