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Commonwealth Bank First in Australia to Offer Crypto Services
Customers will soon be able to buy, sell and hold crypto through the bank’s app.
Commonwealth Bank will be the first in Australia to offer crypto services to customers, the bank said Wednesday.
- The bank will offer a crypto exchange and a custody service in collaboration with Gemini and intelligence firm Chainalysis.
- Customers will have access to 10 digital assets, including bitcoin, ether, bitcoin cash, and litecoin.
- Commonwealth Bank will integrate Gemini’s crypto exchange into its app through an exclusive partnership, the bank’s CEO Matt Comyn said in the press release.
- The offerings will start next week as a pilot. Commonwealth Bank will add features progressively.
- Australia is the world’s third-largest adopter of crypto, an October survey found.
Read more: Australia Has Third-Highest Rate of Crypto Adoption in the World: Finder Survey
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Eliza Gkritsi
Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI, having previously covered mining for two years. She previously worked at TechNode in Shanghai and has graduated from the London School of Economics, Fudan University, and the University of York. She owns 25 WLD. She tweets as @egreechee.
