{"id":13922,"date":"2021-11-03T23:54:10","date_gmt":"2021-11-03T23:54:10","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/australias-commonwealth-bank-lets-customers-trade-crypto-directly-through-its-app\/"},"modified":"2021-11-03T23:54:10","modified_gmt":"2021-11-03T23:54:10","slug":"australias-commonwealth-bank-lets-customers-trade-crypto-directly-through-its-app","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/australias-commonwealth-bank-lets-customers-trade-crypto-directly-through-its-app\/","title":{"rendered":"Australia\u2019s Commonwealth Bank Lets Customers Trade Crypto Directly Through Its App"},"content":{"rendered":"<p><strong>The Commonwealth Bank of Australia (CBA), the country\u2019s biggest bank, is providing customers with the ability to buy, sell, and hold crypto assets directly through its app. The bank has partnered with crypto exchange Gemini and blockchain analytics firm Chainalysis to provide crypto services.<\/strong><\/p>\n<h2>Commonwealth Bank Begins Offering Crypto Services<\/h2>\n<p>Commonwealth Bank (CBA), also known as Commbank, announced Wednesday that \u201cit will become Australia\u2019s first bank to offer customers the ability to buy, sell and hold crypto assets,\u201d which will be directly through its Commbank app.<\/p>\n<p>Australia\u2019s biggest lender explained that it has partnered with New York-based crypto exchange Gemini and blockchain analytics firm Chainalysis to provide crypto services. \u201cBoth partnerships have allowed the bank to design a crypto exchange and custody service that will be offered to customers through a new feature in the app,\u201d Commbank detailed. The bank\u2019s mobile banking app is used by about 6.4 million customers.<\/p>\n<p>Noting that \u201cThe pilot will start in the coming weeks and CBA intends to progressively roll out more features to more customers in 2022,\u201d Commonwealth Bank elaborated:<\/p>\n<p>CBA will provide customers with access to up to ten selected crypto assets including bitcoin, ethereum, bitcoin cash, and litecoin.<\/p>\n<p>Commonwealth Bank noted that according to its research, \u201ca large number of its customers want to access crypto assets as an investment class and are already buying, selling, and holding crypto assets through a variety of crypto exchanges.\u201d<\/p>\n<p>Commbank CEO Matt Comyn opined: \u201cWe believe we can play an important role in crypto to address what\u2019s clearly a growing customer need and provide capability, security and confidence in a crypto trading platform \u2026 CBA will leverage Gemini\u2019s crypto exchange and custody service and integrate it into the Commbank app through APIs.\u201d<\/p>\n<p>The partnership with Chainalysis will help the bank\u2019s compliance teams to \u201cmonitor and mitigate the threat of crime through crypto asset exchanges,\u201d Australia\u2019s largest bank explained.<\/p>\n<p><em><strong>What do you think about Australia\u2019s Commonwealth Bank offering crypto services in partnership with Gemini and Chainalysis? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Bitcoin News<br \/>\nFinance, Australia, Bitcoin Services, cba bitcoin, cba crypto, cba cryptocurrency, Chainalysis, commbank, commbank crypto, Commonwealth Bank, commonwealth bank bitcoin, commonwealth bank crypto, crypto services, Cryptocurrency Exchange, Gemini<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Commonwealth Bank of Australia (CBA), the country\u2019s biggest bank, is providing customers with the ability to buy, sell, and hold crypto assets directly through its app. The bank has partnered with crypto exchange Gemini and blockchain analytics firm Chainalysis to provide crypto services. Commonwealth Bank Begins Offering Crypto Services Commonwealth Bank (CBA), also known&hellip;<\/p>\n","protected":false},"author":0,"featured_media":13923,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13922"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13922"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13923"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}