Commerzbank receives crypto custody licence in Germany

Commerzbank AG (CBKG.DE) announced on Wednesday that it has been granted a crypto custody license in Germany. This development enables the bank to introduce a diverse array of digital asset services, with a particular emphasis on crypto assets.
The upcoming services are tailored for institutional and corporate clients, with the initial offering being a custody service for the cryptocurrencies Bitcoin and Ether. This move reflects Commerzbank's strategic response to the growing demand for crypto-related financial services in the market. KEEP READING