Breaking news: $739 billion was added to the US stock market today.

are they doing the same to crypto market?

why pumping?

🇩🇪 Germany’s fourth-largest bank, Commerzbank, granted crypto custody license.

The fourth largest bank in Germany, Commerzbank, has officially been granted a crypto custody license. Moreover, the financial institution is now the first full-service bank to be granted such a license from German regulators, according to a statement released Wednesday.

The license will allow the bank to custody digital assets as well as other crypto services for clients. Additionally, the bank states its aim to “establish a secure custody platform for digital assets” through the granted license.

“This highlights our ongoing commitment to applying the latest technologies and innovations,” Schulz stated. “It forms the foundation for supporting our customers in the areas of digital assets.”

The key aspect of the license reception is that it provides a foundation for Commerzbank to “build up a broad range of digital asset services.” However, they have reiterated that the first step is reliability in their custody platform. Still, it continues to enforce the bank’s “emphasis on crypto assets.”