Australia’s largest bank CBA announced on November 3. Will cooperate with global cryptocurrency exchange Genemi and blockchain analyst Chainalsys. Provide customers with cryptocurrency trading and holding services.
CBA is the first time a commercial bank has officially entered the Australian cryptocurrency trading market. To this end, the bank has added a cryptocurrency transaction function to the CBA mobile app. It is reported that trial operation will begin this month and will be distributed in earnest from next year.
CBA selected 10 cryptocurrency assets including Bitcoin, Ethereum, Bitcoin Cash and Litecoin as the main transaction targets.
In addition, it was decided to ban it through a closed loop system. Transfer directly from a cryptocurrency wallet to another wallet. To strengthen the security and complementarity of transactions.