Crypto News

Germany's Commerzbank and DZ Bank To Offer Bitcoin and Crypto Trading

Germany's Commerzbank and DZ Bank To Offer Bitcoin and Crypto Trading

Germany's two of the largest five banks, Commerzbank and DZ Bank, are launching Bitcoin and crypto trading services amid growing institutional demand.

Commerzbank, the country's second-biggest bank by number of branches, signed a deal with Deutsche Boerse's subsidiary Crypto Finance to provide trading access for corporate clients. DZ Bank, the nation's number two lender, is enabling its 700 cooperative banks to offer Bitcoin and crypto trading via a tie-up with the Boerse Stuttgart exchange.

The moves come just weeks after Zurich Cantonal Bank in Switzerland began offering retail Bitcoin and crypto services. Major banks worldwide are increasingly embracing Bitcoin and crypto following the successful launch of the first U.S. Bitcoin ETFs.

"Our offering in digital assets enables our corporate clients to seize the opportunities presented by Bitcoin and ether for the first time," said a Commerzbank executive.

DZ Bank and Commerzbank represent over $1 trillion in combined assets under management. Their entry significantly expands mainstream access to Bitcoin in Europe's largest economy. DZ Bank's head of trading said professional investors are rapidly allocating to Bitcoin and crypto, making regulated services crucial for portfolio diversification and risk management.

The moves are a milestone for Bitcoin's integration into European finance. With leading banks providing access, Bitcoin is now going more mainstream. 

Read more: https://bitcoinmagazine.com/business/germanys-commerzbank-and-dz-bank-to-offer-bitcoin-and-crypto-trading

Text source: Bitcoin Magazine: Bitcoin News, Articles, Charts,

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
Buy & sell Crypto in minutes

Join BINANCE!

The world's largest crypto exchange

You're just steps away from receiving your reward.

The most complete Crypto News Center.

Search Stories:

Latest top stories