Another major bank in the Asia-Pacific area has taken the crypto plunge, with Australia’s Commonwealth Bank (CBA) stating that it will become the first mainstream financial provider in the nation to allow its customers to buy, sell and hold cryptoassets such as bitcoin (BTC) and ethereum (ETH) on its platform.
In an official notice, CBA wrote that its customers would be allowed to make crypto transactions “directly through” its CommBank smartphone app.
The bank stated that it had struck deals with the crypto exchange giant Gemini as well as the blockchain analysis firm Chainalysis and that its partnerships “have allowed the bank to design a crypto exchange and custody service that will be offered to customers through a new feature in the
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