5/17, 3:59 PM (Source: TeleTrader)
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Four German banks to offer crypto services in future

Three German Volksbanks, aka people's banks, and one savings bank are planning to start offering cryptocurrencies in the future with the help of the Stuttgart Stock Digital Exchange (BSDEX), Boerse Stuttgart Group Chief Executive Officer (CEO) Dr. Matthias Voelkel told Handelsblatt on Tuesday.

The banks are working to enable their customers to buy cryptocurrencies via a link that would lead to BSDEX's trading platform. Once the users become active members of the platform, they will start receiving a commission for their trading activity.

The banks currently involved in the project are Volksbank Kurpfalz eG, Volksbank Mittelhessen, Volksbank Mittweida eG, and Kreissparkasse Ostalb, Voelkel said, adding he is certain more institutions will follow and join the feat in the future.

Baha Breaking News (BBN) / JR