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Germany's largest bank, with assets of around $1.7 trillion, began offering cryptocurrency custody services to paying clients on November 11. It filed its application with regulator BaFin back in June 2023 - the wait stretched to 41 months.
The U.S. Office of the Comptroller of the Currency (OCC, the federal bank regulator) upgraded the trust status of the largest American crypto exchange from conditional to full. Now Coinbase conducts cryptocurrency custody and payments under federal supervision, rather than only under individual state licenses.
Payments giant Visa is discussing the acquisition of one of the world's largest crypto custodians, Fireblocks. The deal amount is being discussed at around $2.5 billion, Axios reports.
