Another Bank Is Entering The Crypto Market!

Recently, banks and institutions have started to enter the cryptocurrency market. Deustche Bank also joined them.

Another bank is entering the crypto currency market. Recently, the interest of giant banks and institutions in cryptocurrency has increased considerably. So much so that a new one has been added to many companies that have entered the cryptocurrency market. Deutsche Bank, known as one of the world's banking giants, took action to provide cryptocurrency services.   It Will Offer Bitcoin and Altcoin Service Daniel Pinto, co-chair and operations director of banking giant JPMorgan, had previously announced that he would support Bitcoin trading in the coming period. Recently, financial services giant PayPal announced that it has started crypto services in the UK. However, Bank of Mellon Corp, the oldest bank in the USA, recently announced that it entered the Bitcoin and cryptocurrency market. The giant bank announced that it will hold, transfer and issue Bitcoin and other cryptocurrencies on behalf of its customers. Deutsche Bank is also preparing to enter the market, according to a report recently published by the World Economic Forum, the giant bank has rolled up its sleeves to develop a custody platform for corporate customers and their cryptocurrency assets. On the other hand, according to the report, the bank will also support its customers in the areas of cryptocurrency trading, token issuance, lending, staking, voting.   Investors to be Served by the Giant Bank The exchange does not intend to launch the Bitcoin and altcoin storage platform at once. It is stated that this situation should happen gradually. The World Economic Forum report also includes information on which types of investors cryptocurrency services are for. In this context, Deustche Bank is preparing to serve family offices, asset managers, companies, wealth managers and cryptocurrency funds.