Germany's Largest Bank Starts Offering Bitcoin and Altcoin Trading! - Coin Bulletin

DekaBank, one of Germany's leading investment banks, has started offering corporate clients cryptocurrency trading and custody services.

DekaBank, based in Frankfurt, managing 400 billion dollars, received a cryptocurrency custody license from Germany's financial regulatory authority Federal Financial Supervisory Authority - BaFin and launched its new service under the supervision of European Central Bank - ECB.

Board member Martin K. Müller said in a statement to Bloomberg, "We have the necessary experience, the required licenses, and a ready and tested infrastructure to support savings banks and our corporate customers."

DekaBank, the asset manager of Germany's largest financial services group, is marketing its new cryptocurrency service with a focus on security and regulatory compliance in particular.

Other financial institutions in the country have also taken similar steps. For example, Landesbank Baden-Württemberg (LBBW), collaborating with crypto platforms like Bitpanda, offers corporate customers the opportunity to buy and sell cryptocurrencies.

Germany's cooperative banks, led by DZ Bank, plan to launch cryptocurrency services for private clients by mid-year. This initiative will be implemented in collaboration with IT service provider Atruvia and Stuttgart Stock Exchange.