German financial institution DekaBank launches cryptocurrency trading and custody services for institutional clients

ChainCatcher news, according to CoinDesk, DekaBank, a large German financial institution managing €377 billion ($395 billion) in assets, has announced the launch of cryptocurrency trading and custody services for institutional clients.

The company has obtained regulatory approval for crypto custody under the German Banking Act from the Federal Financial Supervisory Authority (BaFin) prior to the launch of the new services.