Commerzbank is stepping up its game. They’re going to offer custody services, while a Deutsche Boerse subsidiary will help corporate clients in Germany trade digital assets. The focus? Bitcoin and ether.

In June, the U.S. added 206,000 jobs. At the same time, Mt. Gox started repaying its users in Bitcoin and Bitcoin Cash. Recently, Crypto Finance, part of Germany's largest stock exchange, partnered with Commerzbank (CBK) to provide trading services. This comes just two weeks after they made a similar deal with Zürcher Kantonalbank (ZKB) in Switzerland.

Commerzbank, which is the second-largest bank in Germany by number of branches, will handle custody services. This was announced in a press release on Thursday. The trading services from the Deutsche Boerse unit will be available to clients in Germany. They’ll initially focus on the top two cryptocurrencies: bitcoin (BTC) and ether (ETH).

Gernot Kleckner, who leads capital markets for corporate clients at Commerzbank, said, “Our offering in digital assets enables our corporate clients to seize the opportunities presented by bitcoin and ether for the first time.” He added, “Our joint solution represents the highest level of security in the trading and custody of crypto assets, which is also a standard we share with the Deutsche Boerse Group.”

In November 2023, Commerzbank obtained a crypto custody license in Germany. This allows them to offer a wide range of services related to digital assets. They’re ready to support their clients in this growing market.