Deutsche Bank ties up with Bitpanda in 'cautious' crypto shift

Deutsche Bank 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. Vienna-based Bitpanda, which was founded in 2014, says it has more than 4 million users and offers products including fractional stocks, cryptocurrencies and precious metals. Bitpanda is already a corporate client of Deutsche's in Austria and Spain.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android