{"id":17114,"date":"2024-09-19T17:37:39","date_gmt":"2024-09-19T14:37:39","guid":{"rendered":"https:\/\/forklog.com\/en\/commerzbank-to-introduce-cryptocurrency-trading-services\/"},"modified":"2024-09-19T17:37:39","modified_gmt":"2024-09-19T14:37:39","slug":"commerzbank-to-introduce-cryptocurrency-trading-services","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/commerzbank-to-introduce-cryptocurrency-trading-services\/","title":{"rendered":"Commerzbank to Introduce Cryptocurrency Trading Services"},"content":{"rendered":"<p>Germany&#8217;s second-largest bank by branches, Commerzbank, in collaboration with Crypto Finance, a subsidiary of the major exchange operator Deutsche Boerse Group, will offer cryptocurrency trading and custody services to corporate clients. This was reported by <a href=\"https:\/\/www.coindesk.com\/business\/2024\/09\/19\/commerzbank-to-offer-bitcoin-ether-trading-through-crypto-finance\/?_gl=1*1v8n17x*_up*MQ..*_ga*MTU3MjQ2NTk3Mi4xNzI2NzUzNDkz*_ga_VM3STRYVN8*MTcyNjc1MzQ5Mi4xLjAuMTcyNjc1MzQ5Mi4wLjAuNDI4NDA3MDAy\">CoinDesk<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cOur digital asset offering allows corporate clients to leverage the opportunities presented by Bitcoin and Ether for the first time,\u201d commented Gernot Klekner, Head of Capital Markets for Corporate Clients at Commerzbank.<\/p>\n<\/blockquote>\n<p>In November 2023, Commerzbank received a license from the regulator for cryptocurrency custody.\u00a0<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklog\/34241\" data-width=\"100%\"><\/script><\/p>\n<p>German DZ Bank <a href=\"https:\/\/www.coindesk.com\/business\/2024\/09\/19\/germanys-dz-bank-to-offer-customers-crypto-trading-through-boerse-stuttgart-tie-up\/?_gl=1*1v8n17x*_up*MQ..*_ga*MTU3MjQ2NTk3Mi4xNzI2NzUzNDkz*_ga_VM3STRYVN8*MTcyNjc1MzQ5Mi4xLjAuMTcyNjc1MzQ5Mi4wLjAuNDI4NDA3MDAy\">will provide<\/a> its 700 corporate clients with access to cryptocurrencies through an agreement with Boerse Stuttgart Digital. These banks will be able to offer their retail clients services for trading and storing digital assets.<\/p>\n<p>The work has already begun, with the first banks to be connected this year. The rollout for individual retail clients will follow.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe offer a proven and fully regulated infrastructure for cryptocurrency trading and custodial services to financial institutions across Europe,\u201d noted Matthias Voelkel, CEO of Boerse Stuttgart Digital.<\/p>\n<\/blockquote>\n<p>The Frankfurt bank manages assets worth $627 billion. In November of last year, it launched a custodial platform for institutional investors.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklog\/34076\" data-width=\"100%\"><\/script><\/p>\n<p>Back in September, Germany halted the operations of 47 illegal Bitcoin exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s second-largest bank by branches, Commerzbank, in collaboration with Crypto Finance, a subsidiary of the major exchange operator Deutsche Boerse Group, will offer cryptocurrency trading and custody services to corporate clients. This was reported by CoinDesk. \u201cOur digital asset offering allows corporate clients to leverage the opportunities presented by Bitcoin and Ether for the first [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[109],"class_list":["post-17114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-germany"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=17114"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/17113"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=17114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=17114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=17114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}