Commonwealth Bank First in Australia to Offer Crypto Services
Commonwealth Bank will be the first in Australia to offer crypto services to customers, the bank said in a Wednesday statement.
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The bank will offer a crypto exchange and a custody service in collaboration with Gemini and intelligence firm Chainalysis.
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Customers will have access to 10 digital assets, including bitcoin, ether, bitcoin cash, and litecoin.
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Commonwealth Bank will integrate Gemini’s crypto exchange into its app through an exclusive partnership, the bank’s CEO Matt Comyn said in the press release.
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The offerings will start next week as a pilot. Commonwealth Bank will add features progressively.
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Australia is the world’s third-largest adopter of crypto, an October survey found.
Eliza Gkritsi is a CoinDesk news reporter based in Asia.
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