DekaBank Launches Crypto Trading for Institutions

DekaBank, a leading German bank, has announced the launch of crypto trading services for institutional clients. The bank has obtained a crypto custody license under the German Banking Act, with approvals from the European Central Bank and the Federal Financial Supervisory Authority (Bafin). This move allows DekaBank to provide crypto trading, custody, and management services exclusively to institutional clients, not for private customers.

DekaBank aims to leverage its high security standards and well-established infrastructure to support institutional crypto activities. The bank seeks to distinguish itself from competitors by offering these services to institutional clients, who are increasingly interested in investing in the crypto market. DekaBank continues to assess approaches for private customer engagement in the crypto market, indicating a potential expansion of services in the future.