Is CommBank a crypto-friendly bank?

CommBank is a crypto-friendly bank. In fact, they were the first Australian bank to publicly announce in November 2021 that they were working on integrating crypto trading into their mobile app. Unfortunately, the rollout of the Commbank crypto app was scrapped in May 2022 amid upheaval and uncertainty in the digital asset market.

Will CBA’s CommBank app offer crypto trading?

Together they’ve been engaged by CBA to design a crypto exchange and custody service as a new feature in the CommBank app. A pilot will start in the new few weeks with CBA planning to progressively rollout more features to more customers in 2022. Users access to up to 10 selected crypto assets including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

What's new at CommBank?

Australia’s largest bank announced on Wednesday it had partnered with US-based crypto exchange Gemini and blockchain analysis firm Chainalysis to offer the service to its 6.5m CommBank app users. Customers will be able to buy up to 10 crypto assets including bitcoin, Ethereum and Litecoin.

Is the Commonwealth Bank embracing cryptocurrencies?

The Commonwealth Bank is embracing cryptocurrencies, and will allow CommBank app customers to buy, sell and hold crypto assets. In the a game-changing move for the sector by the country’s biggest bank will see it partnered with crypto exchange Gemini – founded by the Winklevoss twins of Facebook fame – and blockchain analysis firm, Chainalysis.