Deutsche Bank is weeks away from offering Bitcoin and Ether custody to institutional and corporate clients in Germany, with expansion into Asian financial centers set for 2027, according to Gerald Podobnik, co-head of its corporate bank. The service, announced October 16, 2026, will also cover the USD Coin and EURC stablecoins, but individual account holders cannot use it. The bank has not yet disclosed fees, committed client assets or revenue targets. Rivals such as BNY, which began in October 2022, and U.S. Bancorp, which resumed in September 2025, already offer Bitcoin custody. The article notes that custody adds access but not necessarily new buyers, and Bitcoin, at about $81,497 as of October 17, has fallen 23.4% over the past year while Ether fell 36.9%.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Deutsche Bank Is Weeks From Holding Bitcoin and Ethereum for Clients . Could Other Big Banks Follow ?
Read the original on 247wallst.com ↗
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/16/2026 | 81,615.64 |
| Change that session | -0.77% |
ETH/USDT
▲ Likely positiveEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/16/2026 | 2,423.54 |
| Change that session | -0.76% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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