German bank launches crypto trading platform

Deutsche Bank, Germany's second largest bank, is preparing to introduce a cryptocurrency trading pilot in late 2024. Deutsche Bank, Germany's second largest bank, is preparing to introduce a cryptocurrency trading pilot later this year, according to a Bloomberg report. Sawad Bankerda, a board member, shared that the bank, which serves as the central institution for approximately 700 cooperative lenders, plans to list various cryptocurrencies. This offer is specifically designed for clients who are able to invest "without advice". According to Bankerda, a study conducted by Genoverband shows that half of the banks are interested in offering cryptocurrency solutions to their customers, although each institution independently decides on its course of action.

Frankfurt-based bank DZ, with $627 billion in assets under management, previously launched a cryptocurrency custody platform in November. This action followed the bank's announcement that it would use Metaco's technology solution to develop crypto-relatedservices. Bank DZ's foray into cryptocurrency trading is in line with a global trend of institutional adoption, as evidenced by recent approvals for exchange-traded funds from industry giants such as BlackRock and Fidelity in the US, which have generated significant trading volume in the cryptocurrency market. Digital facilitates.#sanor016CommUNITY #sanor016CommUNITY sanor016CommUNI@sanor016#German #BankruptcyWatch