German investment bank DekaBank has introduced cryptocurrency trading and custody services for institutional clients. The move follows regulatory approval for a crypto custody license from the Federal Financial Supervisory Authority (BaFin) and comes after almost two years of development. DekaBank, which has 377 billion euros ($395 billion) in assets under management, is marketing its new offering with a focus on security and regulatory compliance. Other financial institutions in Germany, including Landesbank Baden-Württemberg and Germany's cooperative banks, are also entering the cryptocurrency market.



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