🏦 Deutsche Bank officially launches crypto custody services after 5 years of preparation
Germany’s largest bank has just launched a digital asset custody service for institutional and corporate clients in Europe. According to Decrypt, this is the result of a development process that took around 5 years.
The service currently supports custody of $BTC , $ETH and 3 stablecoins. The source data does not specify which stablecoins or the fees involved.
For the market, a traditional bank of this size operating its own custody infrastructure shows that European financial institutions are still taking institutional demand seriously. For traders, this is a signal worth watching regarding crypto acceptance in the mainstream financial system, though its direct impact on prices cannot yet be determined. (Not investment advice)
What do you think: as traditional banks move into custody, will institutional capital flow into crypto faster, or will significant barriers remain?
#hoangducinvest #Crypto #Bitcoin
Source: Decrypt
Germany’s largest bank has just launched a digital asset custody service for institutional and corporate clients in Europe. According to Decrypt, this is the result of a development process that took around 5 years.
The service currently supports custody of $BTC , $ETH and 3 stablecoins. The source data does not specify which stablecoins or the fees involved.
For the market, a traditional bank of this size operating its own custody infrastructure shows that European financial institutions are still taking institutional demand seriously. For traders, this is a signal worth watching regarding crypto acceptance in the mainstream financial system, though its direct impact on prices cannot yet be determined. (Not investment advice)
What do you think: as traditional banks move into custody, will institutional capital flow into crypto faster, or will significant barriers remain?
#hoangducinvest #Crypto #Bitcoin
Source: Decrypt