tl;dr
One of the largest banking groups in Germany, DZ Bank, is set to launch crypto trading services for its customers. The cooperative financial group, which includes over 700 local banks, plans to enter the pilot phase of the project soon. DZ Bank, the central bank leading the project, intends to offer...
One of the largest banking groups in Germany, DZ Bank, is set to launch crypto trading services for its customers. The cooperative financial group, which includes over 700 local banks, plans to enter the pilot phase of the project soon. DZ Bank, the central bank leading the project, intends to offer a variety of cryptocurrencies for retail trading, allowing customers to make independent decisions regarding their crypto assets.
According to a Bloomberg report, the cooperative financial group, comprising more than 700 local banks, a central bank, specialized service providers, and institutions, plans to enter the project’s pilot phase soon. The DZ Bank, a central bank in charge of the project, leads the cooperative financial network. Souad Benkredda, responsible for capital market operations on the central bank board, told Bloomberg that the primary banks would soon begin test trading Bitcoin (BTC) and a wide range of other cryptocurrencies with customers. The trading services provide an opportunity for self-decision-making as customers will trade the crypto assets independently, without advice.
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