Crypto Finance, a subsidiary of Germany’s largest stock exchange operator, has signed a deal with Commerzbank to provide trading services to the lender’s corporate clients. This partnership comes just two weeks after Crypto Finance reached a similar agreement with Zürcher Kantonalbank in Switzerland. Commerzbank will be offering custody services for digital assets, with the trading service provided by the Deutsche Boerse unit set to be available to clients based in Germany.
The initial focus of the trading service will be on the two largest cryptocurrencies, bitcoin and ether. Commerzbank obtained a crypto custody license in Germany in November 2023, allowing the financial services firm to offer a wide range of services related to digital assets. This move reflects the growing interest and demand for cryptocurrency services among traditional financial institutions.
