Commerzbank, one of Germany's largest financial institutions, is taking an important step towards cryptocurrencies by offering bitcoin and Ethereum trading services to its corporate clients.
The new initiative, in cooperation with German exchange Crypto Finance, is designed to provide regulated access to #cryptocurrencies for individual companies in the country.
In the partnership, Commerzbank will oversee the storage of digital assets and Crypto Finance will oversee the transaction process. The companies emphasize that their joint efforts will integrate cryptocurrencies into a trusted and regulated framework, providing a smooth and secure experience for customers.
Commerzbank received a license to store cryptocurrencies at the end of 2023; Crypto Finance, which has been operating in this field since 2017, has also received a license for institutional investors and is expanding its services in Germany.
Gernot Kleckner, senior executive director at Commerzbank, noted the potential benefits for corporate clients by providing access to new investment vehicles We are pleased to be able to offer our clients the opportunity to invest in cryptocurrencies in Germany, Crypto Finance said the partnership is an important step in its mission to expand secure and regulated #cryptocurrency services in Germany and Europe.
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