Commonwealth Bank First in Australia to Offer Crypto Services

Commonwealth Bank will be the first in Australia to offer crypto services to customers, the bank said in a Wednesday statement.

• The bank will offer a crypto exchange and a custody service in collaboration with Gemini and intelligence firm Chainalysis.
• Customers will have access to 10 digital assets, including bitcoin, ether, bitcoin cash, and litecoin.
• Commonwealth Bank will integrate Gemini’s crypto exchange into its app through an exclusive partnership, the bank’s CEO Matt Comyn said in the press release.
• The offerings will start next week as a pilot. Commonwealth Bank will add features progressively.
• Australia is the world’s third-largest adopter of crypto, an October survey found.

Read more: Australia Has Third-Highest Rate of Crypto Adoption in the World: Finder Survey