German financial giant DekaBank has announced that it will provide cryptocurrency trading and custody services for institutional clients.

BlockBeats News, February 24th, according to CoinDesk, German financial giant DekaBank announced that it will provide cryptocurrency trading and custody services for institutional clients, while operating under the supervision of the European Central Bank (ECB). The company, prior to launching this service, has obtained a cryptocurrency custody license from the Federal Financial Supervisory Authority (BaFin) in Germany.