In a revolutionary move one of the four largest banks in Australia, the Commonwealth Bank (CBA) has announced that it will allow its customers to buy and sell crypto currencies on its platform, establishing a precedent in the banking sector in the country.
This service will apparently be available to CommBank app users – and there are more than 6.5 million of them. They will be able to use the app to trade Bitcoin, Ethereum and Litecoin, as well as ten more major digital coins.
The bank announced that it will partner with New York- based exchange Gemini Trust Company LLC to offer these services.
This year we have seen many turning points for the industry already, and this is definitely one of them, I think.