• Commerzbank offers crypto trading services via Crypto Finance.
  • The service will start with Bitcoin and Ethereum, aimed at specific corporate clients of Commerzbank in Germany.

Commerzbank, Germany’s second-largest bank by branches, has partnered with Crypto Finance, a subsidiary of Germany’s largest stock exchange operator, to provide crypto trading services for its corporate clients. 

According to the announcement, this move will initially focus on Bitcoin (BTC) and Ethereum (ETH), allowing businesses to easily and securely engage with these digital assets. Commerzbank, one of Germany’s leading financial institutions, has been steadily advancing its involvement in digital assets. This partnership is seen as a major step, as it signals Commerzbank’s commitment to offering its clients secure access to the growing cryptocurrency market. With this new service, corporate clients will have the ability to trade various digital assets, further integrating crypto into the mainstream financial ecosystem.

Strategic Moves to Enhance Crypto Services in Europe

This partnership follows a series of strategic moves by Crypto Finance. Recently, the firm expanded its offerings by integrating crypto custody solutions and securing regulatory approval from Swiss authorities. As part of Deutsche Börse, Crypto Finance is leading institutional crypto adoption in Europe. Additionally, it has signed a similar agreement with Zürcher Kantonalbank (ZKB) in Switzerland.

Further, this news comes after DZ Bank announced plans to test retail crypto trading in February. Commerzbank has been increasing its involvement in the digital asset space since obtaining a crypto custody license in November 2023. This license allows the bank to offer expanded services in digital asset management for corporate clients.

Highlighted crypto News Today

Solana (SOL) Price Surges Amid Exciting Smartphone Announcement