Deutsche Bank enters into cooperation with Bullish Exchange

Deutsche Bank has announced a strategic partnership with Bullish Exchange. The goal of the collaboration is to deepen the integration of traditional financial services into the digital asset industry. Deutsche Bank will handle deposits and withdrawals in fiat currencies for Bullish clients under the supervision of the Hong Kong SFC and the German BaFin.
Through this cooperation, users will be able to more easily deposit or withdraw money into their crypto account, just like a normal bank transfer, only faster and around the clock.
Kilian Thalhammer, Head of Merchant Solutions at Deutsche Bank, explains: “We specifically seek partnerships with organizations that share our values of security, transparency, and innovation. Our collaboration with Bullish demonstrates our commitment to acting as the global house bank of the digital economy.”
The institute is also opening up to crypto in other ways. In a recent research report, Deutsche Bank outlines Bitcoin as a possible building block for future central bank reserves, i.e., part of the official monetary reserves of central banks worldwide. According to the report, BTC could appear alongside gold on the balance sheets of many central banks by 2030.

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