Commerzbank to Offer Bitcoin, Ether Trading Through Crypto Finance

Election 2024 coverage presented by
Crypto Finance, a subsidiary of Germany’s largest stock exchange operator, signed a deal with Commerzbank (CBK) to offer trading services to the lender’s corporate clients just two weeks after reaching a similar agreement with Zürcher Kantonalbank (ZKB) in Switzerland
Commerzbank, the country’s second-largest bank by number of branches, will provide custody services, the companies said in a press release on Thursday. The trading service offered by the Deutsche Boerse unit will be available to clients based in Germany and initially focus on trading in the two largest cryptocurrencies, bitcoin (BTC) and ether (ETH).
“Our offering in digital assets, enables our corporate clients to seize the opportunities presented by bitcoin and ether for for the first time,” said Gernot Kleckner, head of capital markets for corporate clients at Commerzbank. “Our joint solution represents the highest level of security in the trading and custody of crypto assets, which is also a standard we also share with the Deutsche Boerse Group.”
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.
Edited by Sheldon Reback.

Disclosure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
Will Canny is a finance reporter at CoinDesk.n