Germany's DZ Bank is giving its 700 cooperative bank customers access to cryptocurrencies in a tie up with Boerse Stuttgart Digital, the exchange said in a press release on Thursday.
The country's second largest bank will offer its cooperative bank clients cryptocurrency trading and custody services, enabling them to give their retail customers access to digital assets.
The technical and operational set-up has already begin, the exchange said, and the first banks will be connected this year, with a phased roll-out and testing phase for selected retail clients.
"We offer Boerse Stuttgart Digital's proven and fully regulated crypto trading and custody infrastructure to financial institutions across Europe," said Dr Matthias Voelkel, CEO of Boerse Stuttgart Group.
The Frankfurt-based bank has $627 billion in assets under management and launched a crypto custody platform in November last year.
DZ Bank is not the only German institution making moves in crypto. Commerzbank earlier said it would offer bitcoin (BTC) and ether (ETH) trading to corporate clients, via a deal with Crypto Finance, the German lender said in a press release on Thursday.
It was reported that DZ Bank was planning to roll out a cryptocurrency trading pilot in February.
Read more: Germany Banking Giant DZ to Pilot Crypto Trading This Year: Bloomberg
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
