Bitcoin rises above $62,000 after Fed cuts rate

Crypto Finance, a subsidiary of the largest exchange operator in Germany, has signed an agreement with Commerzbank for provides trading services to the lender’s corporate clients just two weeks after a similar agreement was reached with Switzerland’s Zürcher Kantonalbank. Commerzbank will provide custody services, the companies said on Thursday. The trading service offered by the Deutsche Boerse unit will be available to customers based in Germany and will initially focus on trading the two largest cryptocurrencies, bitcoin and ether. Commerzbank obtained a crypto custody license in Germany in November 2023, allowing the financial services firm to offer a wide range of services related to digital assets.