- Germany’s largest federal bank, Landesbank Baden-Württemberg (LBBW), plans to start offering crypto custody services in partnership with the Bitpanda exchange.
According to Bloomberg, Germany’s largest federal bank, Landesbank Baden-Württemberg (LBBW), plans to start offering cryptocurrency custody services in partnership with the Bitpanda exchange.
In a joint statement, Landesbank and Bitpanda said that they will offer cryptocurrency custody services to corporate customers starting from the second half of 2024.
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LBBW corporate banking general manager Jürgen Harengel stated the following in his statement:
“Our corporate customers’ demand for cryptocurrencies is increasing. We did not remain indifferent to this demand.”
LBBW has approximately €333 billion ($355 billion) in assets under management.
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Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.