Commerzbank Partners with Crypto Finance to Offer Bitcoin and Ethereum Trading and Custody to 11.6m Customers

Sep 19, 2024, 10:52 AM

Commerzbank, one of Germany's largest banks with €34 billion in assets under management, has partnered with Crypto Finance AG, a subsidiary of Deutsche Börse, to offer Bitcoin (BTC) and Ethereum (ETH) trading and custody services. The initiative will cater to both corporate clients and the bank's 11.6 million retail customers. This move leverages the regulated structures and licenses of Crypto Finance AG, marking a significant step for Commerzbank into the cryptocurrency market. Commerzbank's total assets are reported to be $500 billion.