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Australia's CBA breaks ranks to offer crypto trading
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economictimes.indiatimes.comCommonwealth Bank of Australia will become the country's first to offer retail clients crypto services, Australia's largest bank said on Wednesday, marking a change from the sector that had refused to do business with cryptocurrency providers. Starting with a pilot this year, Commonwealth Bank will partner with Gemini Trust Company LLC, a New York-based crypto exchange, to offer trading in 10 cryptocurrencies through its banking app, which is used by about 6.4 million customers. «We believe we can play an important role in crypto to address what's clearly a growing customer need,» Commonwealth Bank Chief Executive Matt Comyn said in a statement.
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