More than 1,200 banks can begin offering bitcoin (BTC) trading to its retail customers as Deutsche WertpapierService Bank AG (dwpbank), a German securities processing giant that operates more than 5.3 million brokerage accounts, has announced the launch of its new platform called ‘wpNex’.
Bitcoin trading for retail customers
According to it press release published on March 22, crypto trading via the wpNex platform can be seamlessly integrated into the customer’s online banking experience. Clients can see their crypto alongside their traditional securities, with no upfront money required. Dwpbank has also clarified that it will be adding other digital assets to its offering in the near future.
First in line is MLP Banking AG, a financial planning consultancy. MLP Banking has taken the opportunity to be the first to offer crypto trading to its customers. Paul Utzat, head of Account and Securities Settlement of MLP Banking, said the service “will be available to all retail customers in the second half of this year.”
In addition, DZ Bank also plans to offer a bitcoin option to its customers by the end of the year. DZ Bank is the second largest bank in Germany, so this can be seen as a very big step for the adoption of Bitcoin in our neighboring country.
Patrick Hansen, director of European strategy and policy at Circle, left in a tweet know it’s “great news for Bitcoin adoption.”
Bitcoin custody service Nasdaq
Earlier today you could also read that the major US exchange operator Nasdaq plans to start managing bitcoin and ethereum (ETH) for institutional investors at the end of the second quarter.
More and more big boys seem to be gradually shifting their focus towards the crypto industry, which is very welcome at the moment after all the scandals of last year.
