DZ Bank, Germany’s third-largest bank, hopes to launch a pilot phase of Bitcoin retail transactions this year

According to Souad Benkredda, responsible for capital market operations at DZ Bank, Germany's third-largest bank, DZ Bank will conduct a pilot phase of cryptocurrency retail trading with the first group of partner banks this year, which means major banks will test bitcoin trading with customers.

Contrary to the original plan, DZ Bank will not cooperate with DWP Bank. Benkredda declined to disclose which new partner DZ Bank will now work with to handle the project.

Benkredda said that the trading opportunity is for self-decision-making without the bank's advice. DZ Bank not only wants to offer cryptocurrency trading, but also trading of multiple cryptocurrencies. She added that the demand among partner banks is high, with one out of every two banks willing to provide this solution to customers, but ultimately each institution makes an independent decision. (Bloomberg)