2024

Jupiter

Bank AI

DZ Bank, Germany’s second-largest financial institution, plans to launch a cryptocurrency trading pilot.
Souad Benkredda, a board member at DZ Bank, <a href="https://www.bloomberg.com/news/articles/2024-02-01/dz-bank-will-pilotphase-fur-bitcoin-handel-dieses-jahr-starten" target="_blank" rel="noopener noreferrer nofollow">stated</a> that the Frankfurt-based bank aims to offer a variety of <a href="https://crypto.news/market-cap/" rel="noopener noreferrer nofollow">cryptocurrencies</a>. The initiative is designed for customers who prefer to invest independently without seeking financial advice.
<blockquote class="wp-block-quote">
 “According to a study by the Genoverband, every second bank wants to offer this solution for their customers.” <cite>Souad Benkredda in an interview with Bloomberg</cite>
</blockquote>
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However, Benkredda noted that the decision to <a href="https://crypto.news/web3-adoption-hype-or-reality/" rel="noopener noreferrer nofollow">adopt</a> such a service ultimately rests with each individual institution. Genoverband is a key auditing and consulting body for over 2,500 cooperative organizations.
With assets under management amounting to $627 billion, DZ Bank has already taken steps into cryptocurrency. In November, the bank <a href="https://crypto.news/dz-bank-partners-with-ripple-to-launch-blockchain-custody-service/" rel="noopener noreferrer nofollow">launched</a> a cryptocurrency custody platform with Ripple. This followed its announcement to utilize Metaco’s technology solution for developing crypto-related services.
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Germany’s DZ Bank to run crypto trading trial in 2024

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Other articles published on Feb 1, 2024

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