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Germany’s third-largest bank by asset size, DZ Bank, plans to move into the pilot phase of individual cryptocurrency trading services for its customers within this year. After the pilot phase, the bank is expected to offer its cryptocurrency trading services to a broader user base.
DZ Bank Moves to Pilot Phase in Cryptocurrency Trading Services
Germany’s third-largest bank, DZ Bank, is one step closer to its goal of offering direct cryptocurrency trading to its private customers. Accordingly, the bank plans to move into the pilot phase of cryptocurrency trading services.
Souad Benkredda, a member of DZ Bank’s executive board responsible for capital market operations, said in an interview with Bloomberg News, “Throughout the year, we will move into the pilot phase for individual trading of cryptocurrencies with the first cooperative banks.” This means that the primary banks will test Bitcoin trading with their customers.
During the pilot phase, private customers will be provided access to cryptocurrencies. Thus, active tests in cryptocurrency trading services will be conducted and the process will be evaluated.
Cryptocurrency Trading Services May Open to the General Public After Pilot Phase
As known, the pilot phase refers to the trial stage of a product, service, or project before it is tested with real users. This phase is typically implemented on a limited scale for a specific target audience or region before a product or service is offered to a broader audience.
DZ Bank will test its cryptocurrency trading services during the pilot phase to collect user feedback and use this process to identify potential issues. This phase is quite important to assess the service’s performance under real-world conditions. The pilot phase can also be referred to as the beta version of DZ Bank’s cryptocurrency trading service.
The pilot phase offers the chance to identify and correct potential problems in advance, making the service more robust and usable for a wider user base. If the pilot phase is successful, DZ Bank is expected to offer its cryptocurrency trading service to a broader user base.
