The German banking giant offers Bitcoin, Ether trading and custody services.

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Commerzbank is offering Bitcoin and Ether trading services to German corporate clients. The bank's partnership with Deutsche Börse ensures maximum security for crypto trading and protection.

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Major German bank Commerzbank has partnered with Crypto Finance, a subsidiary of Deutsche Börse, 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 are aimed at customers looking for secure and easy access to digital assets. As part of the collaboration, Commerzbank oversees the management of digital assets, while Crypto Finance ensures safe transactions.

Clients benefit from the established and managed structures of the two entities. Both Commerzbank and Crypto Finance have obtained the relevant licenses to offer crypto services in Germany.

In early February, Crypto Finance received four licenses from BaFin for digital asset trading and custody services, a move that confirms compliance with EU MCA regulations. In March, Deutsche Börse launched a regulated space platform for crypto assets, enhancing market transparency and security for institutional clients in Europe.

Commerzbank is the first full-service bank in Germany to be licensed for crypto protection. The license will allow the bank to expand its digital asset services.

Gernot Kleckner, Divisional Board Member of Commerzbank's Corporate Clients Division, Capital Markets, in collaboration with Crypto Finance, said that the bank's clients will be able to trade and trade Bitcoin and Ether for the first time.

“Our offering in digital assets allows our corporate clients to take advantage of 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 protection of crypto assets, a standard we share with the Deutsche Börse Group.”

According to Stijn Vander Straeten, CEO of Crypto Finance, the partnership will help the company to extend its reach to more companies and institutions in Germany and provide regulated crypto services.

“With the solution for Commerzbank, we are strengthening our commitment to providing secure digital asset solutions across Europe,” Strett said. We look forward to the collaboration to support the growing demand for institutional crypto services in Germany and the EU.

The move comes as several German banks such as LBBW and DZ Bank are ramping up efforts to offer crypto services. LBBW is set to launch crypto tutor services in the second half of this year in partnership with crypto exchange Bitpanda.

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