The Italian bank UniCredit expands its cryptocurrency trading desk operations to include spot trading

2024-11-15 10:48:46

Collection

ChainCatcher news, according to Bloomberg, Italy's Intesa Sanpaolo SpA is expanding the scope of its digital assets division to handle spot trading of cryptocurrencies, marking the latest move by a traditional bank to delve into new markets.

According to insiders, Italy's largest bank established a proprietary cryptocurrency trading division within its corporate and investment banking sector in 2023. Since then, the division has only traded cryptocurrency options, futures, and exchange-traded funds. Although spot trading has not yet commenced, the trading desk received the necessary internal approvals and technical systems about a month ago.

Cassie Craddock, Managing Director for Ripple in the UK and Europe, confirmed that Intesa Sanpaolo is collaborating with Ripple Custody (formerly Metaco) to build custody capabilities for any type of tokenized asset.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.