Cryptocurrency Marches to Germany! The Crisis in Banks Will Be Resolved by Bitcoin Trading

In the final business hours on Friday, rumors about banks in Germany began. The crisis, spreading like a virus, worries traditional market makers. As a result, new moves and measures are emerging.
Deutsche WertpapierService Bank AG (dwpbank), Germany's leading securities provider, aims to bridge the gap between traditional securities and digital asset trading. To that end, it announced the launch of its wpNex platform for digital assets.
According to the press release, the bank will offer this solution to its network of about 1,200 banks and savings banks. In this way, the bank plans to integrate digital asset trading into its personal banking business.

A new cryptocurrency trading service is on the horizon

The first component of the wpNex platform is a cryptocurrency trading service. The first pilot transaction in bitcoins has already been successfully implemented by dwpbank client MLP Banking AG. Gradually, wpNex will expand its services to include regulated transactions in other digital assets for retail customers of dwpbank's subsidiary banks and savings banks.
Dr. Heiko Beck, CEO of dwpbank, emphasized the growing importance of digital assets and the need to align its services with future digital asset opportunities. The pilot operation will include bitcoin. In the future, the bank will offer operations with other digital assets.
As part of the pilot transaction, MLP Bank AG purchased bitcoin shares, which were then deposited into a cryptocurrency customer account managed by dwpbank. The account is directly linked to the corresponding cash account, which is expected to allow immediate fulfillment of orders in euro currency without the need to transfer to a separate payment account.