Commonwealth Bank First in Australia to Offer Crypto Services

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Commonwealth Bank would be the first in Australia to provide crypto providers to prospects, the financial institution mentioned in a Wednesday statement.

  • The financial institution will provide a crypto alternate and a custody service in collaboration with Gemini and intelligence agency Chainalysis.
  • Customers can have entry to 10 digital belongings, together with bitcoin, ether, bitcoin money, and litecoin.
  • Commonwealth Bank will combine Gemini’s crypto alternate into its app by an unique partnership, the financial institution’s CEO Matt Comyn mentioned in the press launch.
  • The choices will begin subsequent week as a pilot. Commonwealth Bank will add options progressively.
  • Australia is the world’s third-largest adopter of crypto, an October survey discovered.

Read extra: Australia Has Third-Highest Rate of Crypto Adoption in the World: Finder Survey