Australia’s Commonwealth Bank (CBA) confirmed it is the first Australian bank to enable customers to buy, sell and hold crypto assets. It plans to start a pilot in a matter of weeks and will roll out additional features in 2022. It partnered with Gemini, the cryptocurrency exchange and custody service founded by the Winkelvoss twins, to enable the functionality.
CBA will support the purchase of the top ten cryptocurrencies through its banking app. That’s because its research showed its customers were already accessing crypto assets via cryptocurrency exchanges.
“We believe we can play an important role in crypto to address what’s clearly a growing customer need and provide capability, security and confidence in a crypto trading platform,” said CBA CEO Matt Comyn.
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