Intesa Sanpaolo SpA is expanding the remit of its digital assets desk to handle spot trades with cryptocurrencies, the latest move deeper into the new market by a traditional bank.

Italy's largest bank, Intesa Sanpaolo SpA, is expanding its digital asset offerings by adding cryptocurrency spot trading services. The bank established a proprietary cryptocurrency trading division within its corporate and investment banking sector in 2023, which was previously limited to cryptocurrency options, futures, and ETF trading.

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<p>According to TechFlow news on November 15, reported by Bloomberg, Italy's largest bank Intesa Sanpaolo SpA is expanding its digital asset business by adding cryptocurrency spot trading services. The bank established a proprietary cryptocurrency trading department in its corporate and investment banking division in 2023, which was previously limited to cryptocurrency options, futures, and ETF trading.</p>
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Italy's largest bank, Intesa Sanpaolo, expands its cryptocurrency business by adding spot trading services.

The Italian bank UniCredit has expanded its cryptocurrency trading desk operations to include spot trading.

According to Foresight News and reported by Bloomberg, sources revealed that Intesa Sanpaolo SpA is expanding the scope of its digital assets division to handle cryptocurrency spot trading. Previously, in 2023, it established a proprietary cryptocurrency trading division within its corporate and investment banking sector, which only traded cryptocurrency options, futures, and exchange-traded funds.

The Italian UniCredit Bank expands its cryptocurrency trading desk services to include spot trading.

Italy's UniCredit Bank Expands Cryptocurrency Trading Desk to Include Spot Trading. UniCredit Bank in Italy is expanding the scope of its digital assets division to handle spot trading of cryptocurrencies. According to informed sources, the bank established a proprietary cryptocurrency trading desk within its corporate and investment banking division in 2023, which currently only trades cryptocurrency options, futures, and exchange-traded funds. Although spot trading has not yet commenced, the trading desk has obtained the necessary internal approvals and technical systems. UniCredit Bank is collaborating with Ripple Custody to build custody functions for any type of tokenized asset.

PANews reported on November 15 that Intesa Sanpaolo SpA, Italy's largest bank, is expanding the scope of its digital assets division to handle spot trading of cryptocurrencies, marking the latest move by traditional banks into new markets.

According to informed sources, the bank established a proprietary cryptocurrency trading division within its corporate and investment banking sector in 2023. Since then, the division has only traded cryptocurrency options, futures, and exchange-traded funds. Although spot trading has not yet begun, the trading desk received the necessary internal approvals and technical systems about a month ago.

Cassie Craddock, Managing Director of Ripple UK and Europe, confirmed that Intesa Sanpaolo is collaborating with Ripple Custody (formerly Metaco) to build custodial functions for any type of tokenized asset.

The Italian Union Saint Paul Bank Expands Its Cryptocurrency Trading Desk Operations

According to Bloomberg, Italy's largest bank, Intesa Sanpaolo, is expanding the functions of its digital assets department and plans to add cryptocurrency spot trading. According to informed sources, the bank established a dedicated crypto trading department within its corporate and investment banking sector in 2023, initially only engaging in crypto trading for options, futures, and ETFs. Although spot trading has not yet commenced, internal approvals and technical systems are in place, with a four-person team led by quantitative trader Niccolò Bardoscia. Intesa has partnered with Ripple Custody (formerly known as Metaco) to build custody functions for tokenized assets.

According to Bloomberg, Italy's largest bank Intesa Sanpaolo is expanding the functions of its digital asset department and plans to add cryptocurrency spot trading. According to insiders, the bank established a dedicated crypto trading division within its corporate and investment banking sectors in 2023, initially focusing only on options, futures, and ETFs for crypto trading. Although spot trading has not yet launched, internal approvals and technical systems are ready, and a four-person team is led by quantitative trader Niccolò Bardoscia. Intesa has partnered with Ripple Custody (formerly known as Metaco) to build custodial functions for tokenized assets.

Intesa Sanpaolo expands its digital asset business, plans to increase cryptocurrency spot trading.

Intesa Sanpaolo SpA is expanding the remit of its digital assets desk to handle spot trades with cryptocurrencies, the latest move deeper into the new market by a traditional bank.Italy’s biggest lender set up its proprietary crypto trading desk within the corporate and investment banking division in 2023, according to people familiar with the matter. Since then, it’s only traded crypto options, futures and exchange traded funds, said the people, who asked not to be named because the matters were not public. 

Italy’s Intesa Widens Scope of Crypto Desk to Cover Spot Trades

Intesa Sanpaolo SpA 正在扩大其数字资产部门的职能，以处理加密货币的现货交易，这是传统银行在新市场上更进一步的最新举措。

意大利的Intesa扩大了其加密货币交易台的范围，以涵盖现货交易。

Intesa Sanpaolo SpA 正在擴大其數字資產部門的職能，以處理加密貨幣的現貨交易，這是傳統銀行在新市場上更進一步的最新舉措。