DZ Bank in Germany will launch a pilot phase for Bitcoin trading this year
ChainCatcher news, Souad Benkredda, a board member responsible for capital market trading at Germany's DZ Bank, said in an interview: "This year, we will enter the pilot phase of cryptocurrency retail trading with the first group of partner banks. This means major banks will test Bitcoin trading with customers."As the central institution for Volksbanken and Raiffeisenbanken, DZ Bank is responsible for the implementation of the project. However, unlike the original plan, it will not collaborate with DWP Bank to implement the project. DWP Bank is a securities service provider in which DZ Bank holds shares. Benkredda was unwilling to disclose which new partner DZ Bank will now collaborate with to implement the project.Benkredda stated that the trading opportunity lies in self-decision-making without the bank's advice, and DZ Bank aims to provide not just one cryptocurrency trading option, but multiple cryptocurrency trading options. She also added that there is significant demand among partner banks; according to a study, one in every two banks is willing to offer this solution to customers, but ultimately each institution makes independent decisions.
