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Germany's Commerzbank Wins Crypto Custody License

It's the first German full-service bank to be granted the custody license, according to a statement.

Автор Sandali Handagama|Редактор Stephen Alpher
Обновлено 15 нояб. 2023 г., 1:17 p.m. Опубликовано 15 нояб. 2023 г., 1:16 p.m. Переведено ИИ
Commerzbank Tower in financial district, Frankfurt, Germany (Marco Bottigelli/Getty)
Commerzbank Tower in financial district, Frankfurt, Germany (Marco Bottigelli/Getty)

Commerzbank AG has obtained a crypto custody license in Germany, the company announced Wednesday.

The license will let the Frankfurt-headquartered global bank offer a broad range of digital asset services, "with particular emphasis on crypto assets," the announcement said.

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Winning a crypto license from Germany's cautious financial markets regulator BaFin has proven an uphill battle for companies looking to offer related services. According to Commerzbank, it's the first full-service bank in Germany to obtain the license and hopes to set up a secure custody platform for digital assets.

“Now that we have been granted the license, we have achieved an important milestone. This highlights our ongoing commitment to applying the latest technologies and innovations, and it forms the foundation for supporting our customers in the areas of digital assets,” Dr. Jörg Oliveri del Castillo-Schulz, chief operating officer of Commerzbank said in a press statement.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

Что нужно знать:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Iran accepts cryptocurrency as payment for advanced weapons

Iran flag (Akbar Nemati/Unsplash, modified by CoinDesk)

Prospective customers could purchase weapons such as missiles, tanks and drones using crypto, according to a government website.

What to know:

  • Iran's Ministry of Defence Export Center is accepting cryptocurrency payments for advanced weapons systems as a means of bypassing international sanctions that the country faces.
  • The offer is among the first known instances of a country accepting cryptocurrency as a means of payment for military equipment, according to the Financial Times.
  • The facility for using cryptocurrency to pay for transactions involving sanctioned countries is already well established.