Deutsche Bank To Invest In 2 German Crypto Companies

Jose Sequeira
Jose Sequeira Business Crypto
2 Min Read

The largest commercial bank in Germany, Deutsche Bank (DWS), is in discussions to invest in two German cryptocurrency businesses. CEO of DWS, Stefan Hoops, suggests that the crypto market could offer various possibilities and services for its investment’s worth. The high potential of digital assets seems to arouse interest throughout the world.

Stefan Hoops, CEO of Deutsche Bank, is Most Favorable Towards This Investment

Stefan Hoops, CEO of Deutsche Bank (DWS) Group, stated that he is now personally negotiating buying stock in Deutsche Digital Assets, a provider of bitcoin exchange goods. The group’s leader is also in contact with Tradias, a cryptocurrency and security token over-the-counter trading platform introduced by Bankhaus Scheich in 2020. The banker claims to be upbeat regarding the potential in the world of digital assets. Falling pricing for digital assets may present “interesting chances” for DWS, he suggested. Hoops talked about the bank’s approach to the cryptocurrency market and its intention to develop or buy “different blockchain-related specialized services.”

stefan hoops, ceo of deutsche bank, is most favorable towards this investment

Involvement could Stir Opportunities

Analysts at Deutsche Bank have been monitoring the cryptocurrency market for a while and frequently provide their predictions for how things will pan out and how much the major cryptocurrencies will cost. For instance, they estimated that by winter, Bitcoin will cost roughly $28,000.

The company offers exposure to crypto assets through a range of investment vehicles, from passive to actively managed funds, as well as white-labeling services for asset managers, according to the website of Deutsche Digital Assets.

This development, started by Deutsche Bank, is believed to enhance the long overdue situations in the cryptocurrency market. As a major and prestigious bank invests in the cryptocurrency market, the odds are that other major banks and businesses will follow suit, as they will not want to fall behind.

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Strong media and communication professional with a MA in Broadcast Journalism from City University and a BA in Media Studies with Spanish from the University of Sussex. Started my career as a journalist I have been working for almost 10 years in different regional and national news channels along with assorted media and still now I am working for different digital content creators. I love staying up to date with the latest developments in the crypto world, and I'm always on the lookout for new and innovative blockchain projects. I believe that crypto has the potential to revolutionize the way we think about finance and money, and I'm committed to bringing the most important news and analysis to my readers. With my extensive knowledge of the industry and my ability to spot emerging trends, I'm confident in my ability to keep my readers informed and engaged in this fast-paced and rapidly changing space.
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