German private bank to set up digital currency trading and custody services
A German private bank has announced its foray into the digital currency industry, launching a custody and trading service. Donner & Reuschel, one of Germany’s oldest banking institutions, cited high demand from its customers as a key factor behind the move. Founded in 1798, Donner & Reuschel specializes in private banking, with over €9 billion ($10.7 billion) in assets under management. It’s based in Hamburg, with offices all over Germany and a subsidiary in the neighboring Luxembourg.
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