9 months ago
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DZ Bank, Germany’s second-largest financial institution, plans to launch a cryptocurrency trading pilot.
Souad Benkredda, a board member at DZ Bank, stated that the Frankfurt-based bank aims to offer a variety of cryptocurrencies. The initiative is designed for customers who prefer to invest independently without seeking financial advice.
“According to a study by the Genoverband, every second bank wants to offer this solution for their customers.”
Souad Benkredda in an interview with BloombergHowever, Benkredda noted that the decision to adopt such a service ultimately rests with each individual institution. Genoverband is a key auditing and consulting body for over 2,500 cooperative organizations.
With assets under management amounting to $627 billion, DZ Bank has already taken steps into cryptocurrency. In November, the bank launched a cryptocurrency custody platform with Ripple. This followed its announcement to utilize Metaco’s technology solution for developing crypto-related services.
