Commonwealth Bank Offers Cryptocurrency Services, Here's The Leaked Information!

Commonwealth Bank offers crypto assets. (Commbank)

JAKARTA – The Australian banking giant, Commonwealth Bank of Australia, is rumored to be providing crypto asset trading services. The information was conveyed by the Head of Blockchain and Digital Assets at Commonwealth Bank of Australia, Sophie Gilder. He assessed that banks could soon offer cryptocurrencies to their clients.

In recent months, Australia has strengthened its presence in the crypto world. In late 2021, the nation's largest financial institution – the Commonwealth Bank of Australia (CBA) – announced it would allow its customers to buy, sell and store digital assets, including Bitcoin (BTC) and Ethereum (ETH). Thus, the CBA became the first Aussie organization to provide such an opportunity.

At the Australian Blockchain Week conference, Gilder acknowledged that CBA's plan to offer crypto assets has received great enthusiasm from its users.

“We launched CommBank crypto in December, and so far, the response has been very positive. The biggest complaint we've received is that customers haven't been allowed into the trial phase," Gilder said.

In addition, CBA or commonly known as CommBank plans to double the size of its blockchain division during 2022. Gilder predicts the asset class will develop in the future, as summarized by VOI from CryptoPotato.

Commonwealth Bank's foray into the crypto asset industry is a positive thing for the development of global cryptocurrencies. This means that the supply and adoption of digital assets have great potential in the future.