Bank AI

<ul class="news-points"><li>Deutsche Bank to offer bitcoin custody solution for institutional clients.</li><li>Cake Group CEO believes the move will not substantially increase capital inflow or attract new participants.</li><li>Deutsche Bank’s Paul Maley projects the digital asset sector to grow to trillions of dollars.</li></ul>Julian Hosp, the CEO of DeFi business Cake Group, has shared a skeptical reaction to <a href="https://coinedition.com/deutsche-bank-applies-for-crypto-license-to-become-trusted-custodian/" rel="noopener noreferrer nofollow">Deutsche Bank’s</a> newly-launched bitcoin custody services for institutional clients. Responding to a post on <a href="https://coinedition.com/etfs-amazon-elon-musks-x-and-inflation-recipe-to-btc-adoption/" rel="noopener noreferrer nofollow">X (Twitter) by Bitcoin Magazine</a> announcing the bank’s new services, Hosp wrote “Sadly, no one cares”. In full, his response read,<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet">And guess what… sadly no one cares… because everyone in Germany can already buy <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a> either with an ETF (that has literally ZERO volume) or on an exchange. All these banks entering the space, are not bringing in extra money or people. They are just re-routing existing… <a href="https://t.co/MMZHSbGB9U" rel="noopener noreferrer nofollow">https://t.co/MMZHSbGB9U</a>— Dr. Julian Hosp (@julianhosp) <a href="https://twitter.com/julianhosp/status/1702543860478640254?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 15, 2023</a></blockquote></div></figure>The Cake Group CEO argued that German crypto investors can already acquire bitcoin via multiple channels. He said the available channels include buying bitcoin via exchange-traded funds (ETFs) with minimal trading volume…The post <a href="https://coinedition.com/defi-ceo-says-no-one-cares-to-deutsche-bank-entry-into-btc-custody/" rel="noopener noreferrer nofollow">DeFi CEO Says ‘No One Cares’ to Deutsche Bank Entry into BTC Custody</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

DeFi CEO Says ‘No One Cares’ to Deutsche Bank Entry into BTC Custody

Coin Edition

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