Bitstamp, a cryptocurrency exchange, is reportedly in talks with major European banks to expand its crypto services and products ahead of the rollout of the region’s MiCA rules. The exchange aims to tap into partnerships with these banks to bring crypto to more people. It is expected that these banks will begin offering crypto services to customers in the first quarter of 2024. Bitstamp’s move comes as traditional financial companies are increasingly showing interest in digital assets. The exchange is currently engaging with three “household name banks” in Europe, with official announcements expected early next year. This development aligns with the growing demand for exposure to Bitcoin and other cryptocurrencies from customers of banking giants like Deutsche Bank and HSBC. In September, Deutsche Bank partnered with Swiss crypto firm Taurus to provide custody services for digital assets and tokenized financial instruments to institutional clients.

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Information	Details
Geography	Europe
Countries
Sentiment	neutral
Relevance Score	1
People	Robert Zagotta
Companies	Republic, OpenDeal Inc, HSBC, MiCA, Taurus, Bitstamp, Deutsche Bank, CoinDesk
Currencies	Bitcoin, Ethereum
Securities	None