{"id":17961,"date":"2024-04-15T10:30:05","date_gmt":"2024-04-15T10:30:05","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=17961"},"modified":"2024-04-15T08:55:29","modified_gmt":"2024-04-15T08:55:29","slug":"german-bank-lbbw-partners-with-bitpanda-to-offer-crypto-services","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/german-bank-lbbw-partners-with-bitpanda-to-offer-crypto-services\/","title":{"rendered":"German Bank LBBW Partners with Bitpanda to Offer Crypto Services"},"content":{"rendered":"<p>Germany&#8217;s largest federal bank, Landesbank Baden-W\u00fcrttemberg, is set to enter the cryptocurrency market by offering custody services in collaboration with the Bitpanda exchange.<\/p>\n<p>According to a statement released on Monday, LBBW and <a href=\"https:\/\/coinengineer.net\/blog\/austria-raiffeisen-bank-announces-crypto-trading\/\">Bitpanda<\/a> will commence providing crypto custody solutions to institutional and corporate clients from the second half of 2024.<\/p>\n<p>J\u00fcrgen Harengel, the managing director of corporate banking at LBBW, stated, &#8220;The demand from our corporate customers for digital assets is increasing.&#8221;<\/p>\n<p>German financial institutions and asset managers are increasingly engaging in crypto assets, offering custodial services and developing their own products to cater to this growing market segment. Deutsche Bank is actively developing its digital asset custody service, while its DWS unit is involved in a consortium working on a euro-denominated stablecoin.<\/p>\n<p>LBBW, whose stakeholders include various savings banks, the state of Baden-Wuerttemberg, and the city of Stuttgart, boasts approximately \u20ac333 billion ($355 billion) in assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s largest federal bank, Landesbank Baden-W\u00fcrttemberg, is set to enter the cryptocurrency market by offering custody services in collaboration with the Bitpanda exchange. According to a statement released on Monday, LBBW and Bitpanda will commence providing crypto custody solutions to institutional and corporate clients from the second half of 2024. J\u00fcrgen Harengel, the managing director<\/p>\n","protected":false},"author":1,"featured_media":17962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,2496,192,105,5424],"class_list":["post-17961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitpanda","tag-blockchain","tag-ethereum","tag-lbbw"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>German Bank LBBW Partners with Bitpanda to Offer Crypto Services - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Landesbank Baden-W\u00fcrttemberg, Germany\u2019s biggest federal bank, plans to start offering cryptocurrency custody services in partnership with the Bitpanda exchange.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/german-bank-lbbw-partners-with-bitpanda-to-offer-crypto-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"German Bank LBBW Partners with Bitpanda to Offer Crypto Services - 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