Commerzbank and Crypto Finance Team Up to Offer Digital Assets Trading Services
Commerzbank, Germany's largest bank by the number of branches, has announced a partnership with Crypto Finance, a subsidiary of Germanyâs biggest stock exchange, to offer digital asset trading services. This collaboration will initially provide Bitcoin and Ether trading to Commerzbank's corporate clients in Germany.
Commerzbank, which received a crypto custody license in Germany last year, will handle custody services, while Crypto Finance will facilitate digital asset trading. This initiative aligns with Commerzbank's strategy to create a secure, regulatory-compliant platform for institutional clients.
The announcement follows a similar agreement between Crypto Finance and ZĂŒrcher Kantonalbank in Switzerland two weeks ago. Gernot Kleckner, head of capital markets for corporate clients at Commerzbank, emphasized the high security standards of the joint solution. Stijn Vander Straeten, CEO of Crypto Finance, highlighted the commitment to secure digital asset solutions across Europe and the growing demand for institutional crypto services in Germany and the EU.