Demankank has launched Cryptocurrency Trading, Detention and Management Services, especially for institutional customers.
Retail investors are clearly excluded, and according to the Sparkson Group, for which is Dekankank, still intentionally doing its approach to private customers in crypto trading, Bloomberg,
The bank has Obtained The European Central Bank and the financial regulator of Germany, a crypto detention license from Buffin, as a safe option for institutional customers as a position.
Martin K. Member of Dekankank Board. Muller said that the organization has the necessary experiences, required licenses and a test, prepared use infrastructure.
Crypto trading for other banks
Other banks within the Sparkson Group are also entering the institutional crypto market. For example, LBBW recently announced a partnership with Crypto Exchange Bitpanda, which is to provide corporate customers with a platform for cryptocurrency detention and business.
The stance on retail investors is uncertain. While the region has previously avoided such offerings, it is currently assuring its position.
In contrast, German cooperative banks led by DZ Bank planned to introduce crypto services to all retail customers in summer, reporting Bloomberg.
According to Dekabanki, institutional investors have expertise, resource and infrastructure to manage professional-related risks.
Bank Crypto sees strategic opportunities for investment, especially in portfolio diversification.
