The adoption of Bitcoin and other cryptocurrencies has been gaining momentum around the world, and now it seems that Germany is poised to join the growing trend.

The Deutsche WertpapierService Bank AG (dwpbank), which provides securities services to around 1,200 German banks and savings banks, has announced that it is launching a new platform called wpNEX, which will allow all its affiliated banks to offer their customers Bitcoin and other digital assets.

This is a major breakthrough for the adoption of cryptocurrencies in Germany, as it will give more than a thousand banks and savings banks access to the infrastructure necessary to offer their customers crypto services. The first bank to take advantage of this new service is the MLP Banking AG, which plans to offer crypto trading to its retail customers in the second half of this year.

According to Dr. Paul Utzat, the head of account and securities settlement at MLP Banking AG, offering cryptocurrency trading is a natural extension of the bank’s existing asset management services. With the wpNEX platform, customers will be able to seamlessly integrate their crypto holdings into their online banking portal, alongside their traditional securities and savings accounts. There will be no need for pre-funding, and customers will not have to go through an additional verification process when opening a crypto account.

The platform will be supported by Tangany, a BaFin-regulated custody service that will be responsible for storing private keys, and Bankhaus Scheich / tradias, which will handle the execution of orders and price setting. Additionally, the software provider Valantic will also support the platform.

The launch of wpNEX by dwpbank has set the stage for other banks and savings banks in Germany to follow suit. The DZ Bank, which is the central institute for all around 800 Volksbanks in Germany, has already announced plans to offer Bitcoin trading to its customers by the end of the year. However, there is no clear indication yet as to whether Sparkassen, which are the German savings banks, will join in on this trend. Nonetheless, the introduction of wpNEX and the new crypto trading services it enables, puts pressure on other financial institutions to start catering to the growing demand for cryptocurrencies in Germany.

According to Dr. Heiko Beck, the CEO of dwpbank, this is just the beginning, and in the future, the platform will also enable banks to offer other digital assets, such as tokenized securities. With wpNEX, Germany is taking a major step towards becoming a leader in the adoption of cryptocurrencies and blockchain-based technologies.

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This article was republished from azcoinnews.com

In the volatile world of cryptocurrencies, where values can surge to dizzying heights and plummet in the blink of an eye, the recent dip in Bitcoin and other major altcoins have sparked both concern and opportunity among investors. For seasoned crypto enthusiasts, however, these fluctuations are not moments of fear but rather strategic opportunities to accumulate assets that have demonstrated resilience and long-term growth potential.
$BTC

•Reason of the Price Dip
Cryptocurrency markets are notoriously volatile, influenced by a myriad of factors including regulatory news, market sentiment, macroeconomic trends, and technological developments. Recent dips, such as those observed in Bitcoin, Ethereum, and other leading altcoins, have been attributed to a variety of reasons ranging from Germany government selling bitcoin to Mt. Gox repayments.

For those familiar with the crypto landscape, these dips are not uncommon and are often seen as part of the market's natural cycle. Prices can swing dramatically over short periods, presenting opportunities for investors who maintain a long-term perspective and are willing to weather short-term volatility.

• Don't Panic and Start Strategic Accumulation
Instead of succumbing to panic selling during market downturns, crypto enthusiasts adopt a strategy of accumulating assets at lower prices. This approach, known as "buying the dip," is based on the belief that cryptocurrencies like Bitcoin and top altcoins have fundamental value and will continue to appreciate over time.

1. Long-Term Vision: Investors who accumulate during dips typically have a long-term investment horizon. They believe in the transformative potential of blockchain technology and the growing adoption of cryptocurrencies in various sectors.

2. Dollar-Cost Averaging: One popular strategy among crypto investors is dollar-cost averaging, where they invest a fixed amount at regular intervals regardless of market conditions. This method helps mitigate the impact of short-term price fluctuations and can result in lower average purchase prices over time.

3. Fundamental Analysis: Beyond short-term price movements, investors often conduct fundamental analysis to evaluate the underlying technology, adoption rate, development activity, and institutional interest in specific cryptocurrencies. This analysis helps them make informed decisions about which assets to accumulate during market downturns.

•Do not Fear During the Dip and be Confident
Confidence in the future of cryptocurrencies and conviction in their investment thesis are crucial factors that drive enthusiasts to accumulate during dips. They see market corrections as opportunities to acquire assets at discounted prices, confident that over the long run, the value of these digital assets will appreciate as adoption increases and technological advancements unfold.

In conclusion, while market dips in cryptocurrencies can be unsettling for some, they represent strategic opportunities for seasoned investors who understand the underlying dynamics of the market. By embracing these downturns and accumulating Bitcoin and top altcoins, enthusiasts demonstrate their confidence in the resilience and potential of digital assets. This approach not only reflects a long-term investment strategy but also underscores a belief in the transformative power of blockchain technology and decentralized finance. As the crypto market continues to evolve, those who maintain a steadfast commitment to their investment principles may reap substantial rewards in the future.
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