Crypto Finance and Commerzbank Launch Corporate Crypto Trading Services in Germany
Crypto Finance and Commerzbank Launch Corporate Crypto Trading Services in Germany

Crypto Finance and Commerzbank Launch Corporate Crypto Trading Services in Germany

Crypto Finance and Commerzbank Launch Corporate Crypto Trading Services in Germany

In a strategic collaboration to enhance digital asset services, Crypto Finance, a subsidiary of Germany’s leading stock exchange operator, has partnered with Commerzbank to offer cryptocurrency trading to the bank’s corporate clients. This new offering reflects Crypto Finance’s growing influence in Europe, following a similar partnership with Switzerland’s Zürcher Kantonalbank (ZKB).

Commerzbank, Germany’s second-largest bank, will provide secure custody services as part of this initiative. The partnership initially focuses on the trading of two leading cryptocurrencies: Bitcoin (BTC) and Ether (ETH). These services will be available to corporate clients in Germany, enabling them to tap into new investment opportunities within the rapidly expanding digital asset landscape.

Gernot Kleckner, head of capital markets for corporate clients at Commerzbank, emphasized the significance of this partnership: “For the first time, our corporate clients can seize the opportunities presented by Bitcoin and Ether through a secure and fully compliant framework. This joint solution ensures top-tier security for both trading and custody of crypto assets, aligned with our shared standards with the Deutsche Boerse Group.”

This collaboration builds on Commerzbank’s November 2023 achievement of securing a crypto custody license in Germany, allowing the bank to expand its digital asset services. The partnership with Crypto Finance positions Commerzbank as a progressive leader in financial services, offering innovative solutions to meet the evolving needs of its corporate clients.

By working together, Crypto Finance and Commerzbank aim to make digital assets more accessible to traditional corporate clients, bridging the gap between conventional finance and the world of cryptocurrencies. see more

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