The post German banking giant rolls out Bitcoin, Ether trading and custody services appeared on BitcoinEthereumNews.com.

Key Takeaways Commerzbank is offering Bitcoin and Ether trading services to German corporate clients. The bank ensures high security for crypto trading and custody with a Deutsche Boerse partnership. Commerzbank, a major German bank, has partnered with Crypto Finance, a subsidiary of Deutsche Börse, to offer Bitcoin and Ether trading and custody services to its corporate clients, as announced by the bank today. Initially focusing on the two leading crypto assets, the new offerings target clients who are looking for secure and easy access to digital assets. As part of the collaboration, Commerzbank will manage the custody of digital assets, while Crypto Finance will ensure their secure trading. Clients will benefit from the established and regulated structures of the two entities. Both Commerzbank and Crypto Finance have obtained relevant licenses to offer crypto services in Germany. Earlier in February, Crypto Finance received four licenses from BaFin for digital asset trading and custody services, a move ensuring its operations comply with the EU’s MiCA regulations. In March, Deutsche Börse launched a regulated spot platform for crypto assets, enhancing market transparency and security for institutional clients in Europe. Commerzbank is the first full-service bank to be granted the Crypto Custody License in Germany. The license allows the bank to broaden its digital asset services. Discussing the partnership with Crypto Finance, Gernot Kleckner, Divisional Board Member Capital Markets in the Corporate Clients segment at Commerzbank, said it enables the bank’s clients to access and trade Bitcoin and Ether for the first time. “Our offering in digital assets enables our corporate clients to seize the opportunities presented by bitcoin and ether for the first time,” Kleckner said. “Our joint solution represents the highest level of security in the trading and custody of crypto assets, which is also a standard we also share with the…

---

Filed under: News - @ September 19, 2024 11:24 am