TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Commonwealth Bank first in Australia to offer crypto services

Commonwealth Bank first in Australia to offer crypto services
CoinDesk Analysis TeamCoinDesk Analysis TeamCoinDesk

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 in a Wednesday statement.

  • 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.

Author

CoinDesk Analysis Team

CoinDesk is the media platform for the next generation of investors exploring how cryptocurrencies and digital assets are contributing to the evolution of the global financial system.

More from CoinDesk Analysis Team
Share:

Editor's Picks

Pi Network Price Forecast: PI extends gains against a bearish market backdrop

Pi Network Price Forecast: PI extends gains against a bearish market backdrop

Pi Network continues to attract some buyers on Wednesday after an over 8% rebound the previous day. PI token sustains above $0.070 as the price extends its rebound after reaching an oversold level, decoupling from the broader market correction. Technically, Pi Network must break above the overhead trendline near $0.0740 to resume an upward trend.

Dogecoin Price Forecast: DOGE slips to a new yearly low

Dogecoin Price Forecast: DOGE slips to a new yearly low

Dogecoin recovers mildly, trading around $0.068 on Wednesday after hitting a new yearly low the previous day. Santiment data shows whale wallets offloading DOGE holdings, fueling near-term selling pressure. Meanwhile, weakening on-chain metrics and bearish technical indicators suggest that the meme coin could face further downside risks.

Zcash Price Forecast: ZEC tests $1,000 support as hot US CPI data offsets Grayscale’s marketing

Zcash Price Forecast: ZEC tests $1,000 support as hot US CPI data offsets Grayscale’s marketing

Zcash is down to almost $1,000 on Wednesday, facing intense selling pressure over the last five days, with losses totaling over 20%. The hotter-than-expected US monthly inflation data offset the Grayscale’s Zcash-focused marketing campaign and the sponsor fees contribution to the network.

Crypto Today: Bitcoin, Ethereum, XRP extend decline with US CPI in focus

Crypto Today: Bitcoin, Ethereum, XRP extend decline with US CPI in focus

Cryptocurrency prices face increasing selling pressure on Tuesday, with Bitcoin (BTC) trading below $75,000, Ethereum (ETH) edging lower toward $2,100, and Ripple (XRP) hovering beneath the immediate $1.10 cap.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.