German Commercial Bank to Offer BTC and ETH Trading Through Deutsche Boerse Subsidiary
According to Golden Finance, Crypto Finance, a subsidiary of Deutsche Börse, the operator of Germany's largest stock exchange, has signed an agreement with Commerzbank, a major German commercial bank, to provide trading services for the bank's corporate clients. This comes just two weeks after Crypto Finance reached a similar agreement with Zürcher Kantonalbank (ZKB) in Switzerland.
The two companies announced in a press release on Thursday that Commerzbank will provide custody services. Commerzbank is the second-largest bank in Germany by the number of branches. The trading services offered by the Deutsche Börse division will be targeted at German customers, initially focusing on Bitcoin and Ethereum trading.