Cryptocurrency adoption among the traditional banking industry keeps spreading across the board, and it has arrived at a bank based in Hamburg, Germany. Donner & Reuschel is set to make its inception into the crypto business by offering related custody services.
Bank Will Also Explore Further Blockchain Projects
According to the local magazine Asscompact, the Hamburg-based private bank will offer crypto buying and custodial services. Although Donner & Reuschel didn’t provide an exact date of the launch, they are expecting to deliver the products “as soon as possible.”
Marcus Vitt, a spokesman of the bank, argued that the decision to enter the crypto business is tied to the surge of interest towards the digital assets:
We have been observing the digital assets market for quite some time and are convinced of the