Commentary on CBA’s crypto offering

CEO of BTC Markets, Caroline Bowler, on Commonwealth Bank adding cryptocurrencies to its banking app:

“CBA’s move is exciting and inevitable. It’s yet another ‘red letter day’ for crypto and it is as though Australia has suddenly put the lead foot down. We have been touted as playing catch up all this while, but now we’re moving into a leadership position globally with our largest bank, and one of the most significant mainstream financial institutions in the world offering millions of customers access to cryptocurrencies.”

“With regulation in the offing and the largest bank in the country allowing it, the floodgates are now open for more appetite from traditional finance and smart money to move into cryptocurrencies.”

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