DZ Bank Crypto

Germany’s Second Largest Bank To Launch Crypto Trading Offering

CryptocurrencyNews
··1 min read
  • DZ Bank, the second-largest bank in Germany, told Bloomberg about plans to pilot a retail cryptocurrency trading offering this year.
  • According to the report, the bank aims to provide access to cryptocurrencies for the 737 community banks it serves, representing 30 million retail clients.
  • The offering will not include advisory services, and each cooperative bank can decide whether to adopt the crypto offering.
  • A study by the cooperative bank association Genoverband revealed that “every second bank wants to activate the solution for their customers.”
  • DZ Bank launched its institutional digital asset custody solution in November, focusing initially on tokenized securities while awaiting a crypto custody license from BaFin.
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