Germany's largest federal bank, Landesbank Baden-Württemberg (LBBW), plans to start offering crypto custody services in partnership with the Bitpanda exchange.

According to Bloomberg, Germany's largest federal bank, Landesbank Baden-Württemberg (LBBW), plans to start offering cryptocurrency custody services in partnership with the Bitpanda exchange.

In a joint statement, Landesbank and Bitpanda said that they will offer cryptocurrency custody services to corporate customers starting from the second half of 2024.

See Also: South African Regulator Grants Approval to 59 Crypto Platforms for Resident Services

LBBW corporate banking general manager Jürgen Harengel stated the following in his statement:

“Our corporate customers' demand for cryptocurrencies is increasing. We did not remain indifferent to this demand.”

LBBW has approximately €333 billion ($355 billion) in assets under management.

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