DZ Bank Introduces Cryptocurrency Services
Germany’s DZ BANK Group, the nation’s second-largest banking group, is preparing to offer cryptocurrency trading and custody services to over 700 of its cooperative banks via the Boerse Stuttgart platform. The launch is expected by the year’s end, with technical preparations nearing completion.
On this page
Germany’s DZ BANK Group, the nation’s second-largest banking group, is preparing to offer cryptocurrency trading and custody services to over 700 of its cooperative banks via the Boerse Stuttgart platform. The launch is expected by the year's end, with technical preparations nearing completion.
We offer Boerse Stuttgart Digital's proven and fully regulated crypto trading and custody infrastructure to financial institutions across Europe,
said Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group.
This initiative will enable private customers to buy digital assets through their local branches, although access will be limited during the initial testing phase. With over $627 billion in assets under management and more than 800 local cooperative banks, DZ Bank is expanding its focus on digital assets.
The bank already has experience in the cryptocurrency sector, having launched a dedicated digital asset custody platform last year. Other German banks are following suit, with Commerzbank recently starting BTC and ETH trading for corporate clients.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
