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Australia’s CBA first to offer retail crypto-services in the country
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Australia’s Commonwealth Bank (CBA) is set to become the country’s first banking institution to allow its customers to buy, sell, and hold crypto-assets. On 3 November, the CBA announced strategic partnerships with global crypto-exchange Gemini and blockchain analysis firm Chainalysis.
Here, it is noteworthy that the CBA is Australia’s largest bank and no other bank has offered retail crypto-services in the country before. Going forward, the bank’s CommBank app will incorporate crypto-exchange and custody-related services directly for customers through APIs. CBA CEO Matt Comyn noted,
“We remain committed to reimagining banking and will continue to bring more functionality into the CommBank app including investing and shopping.”
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