Banks vs Crypto Exchanges: The Custody War Deutsche Bank Just Joined

Deutsche Bank’s custody launch adds a household banking name to the race for crypto assets. Banks and brokers are moving into crypto while exchanges move into stocks and commodities. Bank custody and exchange custody both leave the private keys with a third party. Self-custody removes the middleman along with any route to recovery. Deutsche Bank expects to open Bitcoin and Ethereum custody for institutional and corporate clients in Germany within weeks, with Asian financial centres to follow in 2027, Gerald Podobnik, co-head of the bank’s Corporate Bank, told Reuters on October 16.

Source: ETHNews