AMSTERDAM, June 4 (Reuters) – Deutsche Bank (DBKGn.DE), opens new tab will work with Bitpanda to process customer deposits and withdrawals for the Austrian crypto broker, the companies told Reuters.
The crypto industry has previously struggled to find banking partners, particularly after the 2023 collapse of Silvergate Capital Corp, Signature Bank and Silicon Valley Bank, which had a high concentration of crypto-related clients.
But in the latest sign of the crypto world moving closer to mainstream finance, Deutsche will provide Bitpanda users in Germany with local bank account numbers.
Source: REUTER
