Commonwealth Bank says crypto ‘already mainstream’

03/22 10:31

According to Blockworks, Australia’s largest bank by total assets has experienced a significant uptake of crypto activity on its app since it first allowed users to buy and sell digital assets last year. Commbank’s Sophie Gilder, managing director of Blockchain and Digital Assets, said the responses to the bank’s app had been “overwhelmingly positive.” “About 900,000 of our customers have transferred money to crypto exchanges over the last two years,” said Gilder. “One in three Australians have a banking relationship with CBA. So we see this activity happening, our customers are already there, already in this space. You can say it’s already mainstream based on our stats.”

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