Swiss bank lists Cardano as a crypto asset to hold

Switzerland's Zuger Kantonalbank has recently added Cardano to the portfolio assets it is willing to hold. The demand for this cryptocurrency is now tremendous, that’s why the financial institution partnered with Sygnum Bank to get it listed. These details were published by the press office of the enterprise. With Cardano, Zuger Kantonalbank's clients can manage and diversify their portfolios via the bank runner, following global trends in crypto adoption, said Jan Damrau, Head of Corporate Governance.

In this environment, ADA surged by 6.4% in the last 24 hours, according to CoinGecko data. Still, this gain is relatively small to offset the 69% fall from its early March high of $1.1737.

Another digital currency, FloppyPepe (FPPE), has also been listed by Zuger Kantonalbank among its offerings. Experts suggest that these actions by financial institutions strengthen Cardano's market standing and promote its growth momentum, as reported by TimesTabloid.