📣 DZ Bank Introduces Cryptocurrency Services
posted 19 Sept 2024
Germany’s DZ BANK Group, the nation’s second-largest banking group, is preparing to offer cryptocurrency trading and custody services to over 700 of its cooperative banks via the Boerse Stuttgart platform. The launch is expected by the year's end, with technical preparations nearing completion.
We offer Boerse Stuttgart Digital's proven and fully regulated crypto trading and custody infrastructure to financial institutions across Europe,said Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group.
This initiative will enable private customers to buy digital assets through their local branches, although access will be limited during the initial testing phase. With over $627 billion in assets under management and more than 800 local cooperative banks, DZ Bank is expanding its focus on digital assets.
The bank already has experience in the cryptocurrency sector, having launched a dedicated digital asset custody platform last year. Other German banks are following suit, with Commerzbank recently starting BTC and ETH trading for corporate clients.
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