Deutsche Bank Partners with Bitpanda
Deutsche Bank, one of the largest banks in Europe, announced its partnership with Bitpand, aiming to process the deposits and withdrawals from the crypto exchange.
The banking sector was always concerning regarding cryptos, especially after Silicon Valley Banks’s and Signature Bank’s collapses, many of their clients were active in the crypto sector.
This had become evident in the recent years as many banks around the world didn’t allow any transactions from and towards any crypto exchanges.
Bitpanda is an Austria-based crypto exchange, with more than 4 million clients while it offers fractional financial products for stocks and precious metals.
The connection between the banking system and the crypto exchanges is really important as it’s ensured the needed liquidity for crypto exchanges from more traditional sources while more auditing and reporting is expected to raise around money laundering…..
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