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[aryan4]

According to the published World Economic Forum report, Deutsche Bank is developing a fully integrated custody platform that provides seamless connectivity to the cryptocurrency ecosystem for corporate customers and their digital assets. It is stated that the digital asset storage platform will be released gradually and eventually trading support will be provided.
What do you think about this positive development for the markets?

 

[Niftyicon]

This is a wonderful development and quite strategic too. I think other major banks should look into this and adopt the same to increase their customer base.

 

[aryan4]

This is a wonderful development and quite strategic too. I think other major banks should look into this and adopt the same to increase their customer base.

I also think that this news is very important and can contribute to the markets. I think they will announce it by making a new statement after they complete their preparations.

 

[Balint098]

More good news from the crypto industry, seems it's only a matter of time until many more banks will add support and accepting crypto, and this will drive the price even higher.

 

[Yugocean]

Some banks are trying to ban crypto, some are trying to join the crypto world, some are trying to create a middle path. But now changes cannot be stopped. Deutsche Bank did a right thing by joining in.

 

[Brain]

This is a good one and this I'd why I hold until the view that cryto currency is the future. Banks are becoming aware of this and are keying in to expand their customers base

 

[sagefave]

A bank's priority is providing flexible and affordable financial services to its customers. I believe the management and administration of the bank have realized that most people are transacting huge amounts on crypto, so are trying to create their own platform so as to enable their interested customers engage in cryptocurrency without moving their money elsewhere.

 

[aryan4]

A bank's priority is providing flexible and affordable financial services to its customers. I believe the management and administration of the bank have realized that most people are transacting huge amounts on crypto, so are trying to create their own platform so as to enable their interested customers engage in cryptocurrency without moving their money elsewhere.

Probably the kind of developments you wrote about are happening. As a bank, they already make a profit from this business, but at least a different alternative has emerged among investors.

 

[BullyMaguire]

It's a good news. Maybe if other banks tried to adapt Cryptocurrency aswell everything will be much better. More security for everyone

 

[Irfan Aslam]

The goal of a bank is to provide its customers with comprehensive services that are versatile and affordable. I think the bank's management and operation have recognized that most people are transacting massive amounts in cryptography, and they are therefore trying to build their own platform to enable them to participate in cryptocurrency without shifting their money elsewhere.

 

[aryan4]

The goal of a bank is to provide its customers with comprehensive services that are versatile and affordable. I think the bank's management and operation have recognized that most people are transacting massive amounts in cryptography, and they are therefore trying to build their own platform to enable them to participate in cryptocurrency without shifting their money elsewhere.

I think it may have happened for what you called developments or for similar reasons. As a result, banks will benefit from this business and customers will seek to take advantage of these developments. It is a good development in terms of contribution to the markets.

 

[Binita100]

I like it when banks joins the crypto community. It gives investors more confidence that bitcoin is a payment solution or method that would exist for long

 

[Binita100]

And Deutsche banking institution have been showing its support to Cryptocurrency. Many banking institutions have also shown such interest around crypto. I believe it will spread all over, banks will add crypto storage system via their banking features, just the way they do with traditional financial system.

If they do that a lot of people would begin to store their crypto currency in the bank and i really like that idea , i just hope its been implemented

 

[Binita100]

That's what they planned to do, i believe they have implemented that already. I'm just hoping other banks worldwide should adopt such method and feature crypto in its banking system, just the way they do with fiat currencies to give customers more options for transactions.

They should carry it out effectively because planning it without carrying out it is like a waste of time and others actually , so they should they should carry it out efftectively

 

[Binita100]

You're right. Planning without fulfilment is just futile. I don't like to hear such rumors that never turned out to be true. But I believe the news is from direct source, they'll fulfil what they said.

Am not surprised at the news , Banks are joining crypto firms because they believe crypto currency is the future and would grow more

 

[Binita100]

Very good that you're not surprise with banks listing Cryptocurrency into its system. They believe crypto is the new future of online and offline transactions.

We know how the banks do operate, many of them are strict when it comes to issues like this , they cant sponsor a project with no legal backing

 

[achawaskey]

Is all about integration, the world is changing and businesses need to adjust from the normal way of doing business to the current one so that they maintain there customers. What the decision of the Dutch bank is the right one.

 

[Binita100]

Some banks are like that. They use peoples funds to invest or trade forex, stock exchange trading, Cryptocurrency trading etc. But at same time manages finance in a secured way, without stories. I believe they'll do the needful when crypto is accepted within banks.

Forex is legit , that is the main reason they trade people funds with it , if its not legit they won't bother to trade people's funds with it

 

[Binita100]

Very legit, no stories when you trade successfully, your profit margin enters into your forex trading account asap. Banks have experts, i mean forex trading experts that help them trade and make reasonable returns.

They need those expert to trade , they wont employ someone that doesn't know how to trade ,the bank know the consequences attached to doing so. If they do customer funds is at risk

 

[Binita100]

You're right. The bank always employ someone that is well accustomed to trading, one that can bring enormous returns for them. So they'll replace the funds borrowed from their customers account.

Lets remember that they are legalised and if they are not able to return the amount there would be big issues involved , so they have to do something