Commerzbank Partners with Crypto Finance to Offer Bitcoin and Ether Trading and Custody Services to Corporate Clients

Commerzbank, a major German bank, has partnered with Crypto Finance, a subsidiary of Deutsche Börse, to offer Bitcoin and Ether trading and custody

Major German bank Commerzbank has partnered with Deutsche Börse subsidiary Crypto Finance to offer Bitcoin and Ether trading and custody services to its corporate clients, the bank announced today.

Initially focusing on the two leading crypto assets, the new offerings cater to clients who are seeking secure and convenient access to digital assets. As part of the collaboration, Commerzbank will handle the custody of digital assets, while Crypto Finance will enable their secure trading.

Clients will benefit from the established and regulated operations of the two entities, both of which have obtained the necessary licenses to offer crypto services in Germany.

Earlier in February, Crypto Finance was granted four licenses from BaFin for digital asset trading and custody services, a move that ensures its operations comply with the EU’s MiCA regulations. In March, Deutsche Börse launched a regulated spot platform for crypto assets, providing institutional clients in Europe with greater market transparency and security.

Commerzbank, on the other hand, became the first full-service bank to be granted the Crypto Custody License in Germany. The license enables the bank to expand its digital asset services.

Commenting on the partnership with Crypto Finance, Gernot Kleckner, Divisional Board Member Capital Markets in the Corporate Clients segment at Commerzbank, said that it will allow the bank’s clients to trade and access Bitcoin and Ether for the first time.

“Our offering in digital assets enables our corporate clients to seize the opportunities presented by bitcoin and ether for the first time,” said Kleckner. “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 Börse Group.”

According to Stijn Vander Straeten, Chief Executive Officer of Crypto Finance, the partnership will enable the company to further its reach to more corporates and institutions in Germany, providing them with access to regulated crypto services.

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