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Deutsche WertpapierService Bank (Dwpbank), which offers securities processing to around 1,200 banks in Germany, is creating a new platform, wpNex, that will offer Bitcoin (BTC<\/a>) to all of its affiliates\u2019 retail customers in the second half of this year.\u00a0<\/p>\n The new service will feature crypto accounts alongside bank customers\u2019 other accounts and will not require additional Know Your Customer procedures, according to local media reports.<\/p>\n Wallet-as-a-service provider Tangany and Bankhaus Scheich\u2019s Tradias digital asset trading service will also participate in the new offering. Retail customers will not hold private keys. Dwpbank CEO Heiko Beck said<\/a>\u00a0the bank planned to add other cryptocurrencies, digital assets and tokenized securities to the service in the future. <\/p>\n MLB Banking was the first Dwpbank affiliate to sign on to the platform and has already performed a transaction on it. MLP Banking\u2019s account and securities processing head, Paul Utzat,\u00a0said<\/a> in a statement: <\/p>\n \u201cIn our MLP customer portal, it is a logical addition to the existing wealth management offering.\u201d <\/p><\/blockquote>\n Crypto accounts are linked to euro cash accounts, so transactions can take place without going through a separate payments account. <\/p>\n Related: Almost half of Germans to invest in crypto: Report<\/a><\/em><\/strong><\/p>\n Germany has been named one of the world\u2019s<\/a> most favorable countries for crypto. DZ Bank announced in February that it was adding crypto<\/a> to its asset management service. DZ Bank is Germany\u2019s second-largest bank by assets and a central institution for a network of bank coops with 8,500 branch offices.<\/p>\n Great news for #BTC<\/a> adoption and access in <\/p>\n Through its new wpNex platform, the dwpbank will allow up to 1200 German banks to offer #Bitcoin<\/a> trading – and soon more crypto-assets. <\/p>\n The crypto holdings will be integrated into the customers’s online banking securities account.<\/p>\n \u2014 Patrick Hansen (@paddi_hansen) March 24, 2023<\/a><\/p><\/blockquote>\n German crypto bank Nuri, however, shut down in November<\/a> under stress of the crypto bear market. It had half a million customers. On the traditional finance side, Deutsche Bank shares plummeted on March 24<\/a> as instability spread among European banks. Deutsche Bank asset management division DWS was reportedly in talks<\/a> with tradias on investment in the service. <\/p>\n\n