Key Takeaways
- • Deutsche Bank is preparing to launch crypto custody services in Germany within a few weeks, initially supporting Bitcoin and Ethereum, with stablecoins to follow and Asian markets planned for 2027, according to Reuters as cited by AMBCrypto.
- • Charles Schwab has officially launched Bitcoin and Ethereum trading for eligible clients, giving about 40 million accounts access on the same platform used for stocks and bonds.
- • Bitcoin rallied more than 40% in Q3 while the Nasdaq gained 0.8%, and spot Bitcoin ETFs recorded over $6 billion in net inflows, their strongest quarter of the year, per AMBCrypto.
- • Near-term pressure persists: Bitcoin has struggled to hold above $80,000, spot Bitcoin ETFs turned negative on the day, and BlackRock alone logged four days of net outflows in one week.
Summary
Deutsche Bank, Germany's largest bank, is preparing to launch crypto custody services in Germany within a few weeks, according to Reuters. The service will initially support Bitcoin and Ethereum, followed by stablecoins, and will extend to Asian markets in 2027.
Separately, Charles Schwab, which AMBCrypto describes as a $13 trillion financial firm, has officially launched Bitcoin and Ethereum trading for eligible clients. Roughly 40 million accounts can now access BTC and ETH on the same platform where they trade stocks and bonds. Schwab has also said it plans to add further cryptocurrencies and digital assets to its Schwab Crypto platform over time.
AMBCrypto frames the two moves as evidence of a continuing convergence between traditional finance and crypto, and as a sign that digital assets are moving toward mainstream investment status. The timing is notable because Bitcoin has had difficulty holding above the $80,000 level. Spot Bitcoin ETFs turned negative on the day in question, and BlackRock alone reported four consecutive days of net outflows within one week.
The publication also points to Bitcoin's Q3 performance. Despite macro uncertainty and Federal Reserve rate hikes, Bitcoin rose more than 40% in the quarter, compared with 0.8% for the Nasdaq. Spot BTC ETFs took in over $6 billion in net inflows, the strongest quarterly result of the year so far. AMBCrypto argues that expanded institutional access through Deutsche Bank and Schwab could support Bitcoin's Q4 outlook, although it notes that upcoming U.S. midterm elections, AI-driven market dynamics, and inflation pressures add uncertainty.
The analysis is AMBCrypto's own interpretation of these developments; the underlying figures on Bitcoin's performance and ETF flows are reported by the publication and have not been independently verified here.
Separately, Charles Schwab, which AMBCrypto describes as a $13 trillion financial firm, has officially launched Bitcoin and Ethereum trading for eligible clients. Roughly 40 million accounts can now access BTC and ETH on the same platform where they trade stocks and bonds. Schwab has also said it plans to add further cryptocurrencies and digital assets to its Schwab Crypto platform over time.
AMBCrypto frames the two moves as evidence of a continuing convergence between traditional finance and crypto, and as a sign that digital assets are moving toward mainstream investment status. The timing is notable because Bitcoin has had difficulty holding above the $80,000 level. Spot Bitcoin ETFs turned negative on the day in question, and BlackRock alone reported four consecutive days of net outflows within one week.
The publication also points to Bitcoin's Q3 performance. Despite macro uncertainty and Federal Reserve rate hikes, Bitcoin rose more than 40% in the quarter, compared with 0.8% for the Nasdaq. Spot BTC ETFs took in over $6 billion in net inflows, the strongest quarterly result of the year so far. AMBCrypto argues that expanded institutional access through Deutsche Bank and Schwab could support Bitcoin's Q4 outlook, although it notes that upcoming U.S. midterm elections, AI-driven market dynamics, and inflation pressures add uncertainty.
The analysis is AMBCrypto's own interpretation of these developments; the underlying figures on Bitcoin's performance and ETF flows are reported by the publication and have not been independently verified here.
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