Crypto Finance, a subsidiary of Germany’s largest stock exchange operator, has signed a partnership with Commerzbank (CBK) to provide trading services for the bank’s corporate clients. This agreement comes just two weeks after Crypto Finance reached a similar deal with Zürcher Kantonalbank (ZKB) in Switzerland.
As part of the collaboration, Commerzbank, the second-largest bank in Germany by branch count, will offer custody services. The trading services provided by the Deutsche Boerse unit will initially focus on the two largest cryptocurrencies: Bitcoin (BTC) and Ether (ETH).
“Our offering in digital assets enables our corporate clients to seize the opportunities presented by Bitcoin and Ether for the first time,” said Gernot Kleckner, head of capital markets for corporate clients at Commerzbank. “Our joint solution represents the highest level of security in the trading and custody of crypto assets, a standard we share with the Deutsche Boerse Group.”
Commerzbank obtained a crypto custody license in Germany in November 2023, allowing it to offer a comprehensive range of services related to digital assets.
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