Deutsche Bank’s shares fell 14% creating market panic across Europe while BTC surged 40% since SVB collapse. Earlier this week, Germany’s Dwpbank announced that it is going to offer Bitcoin trading services to 1,200 of its affiliates. Deutsche Bank AG’s shares fell as much as 14% on 24 March, marking the bank’s third consecutive day […]
Earlier this week, Germany’s Deutsche WertpapierService Bank
that it was developing wpNex, a new platform that will offer Bitcoin trading to retail customers of all of its 1,200 affiliates in the second half of this year.when the SVB collapsed. But since then, its value has surged by nearly 40% and it doesn’t show any signs of slowing down for now. It was trading at $27,443.03 at press time.
As concerns about the failure of big banks across the globe increase, Bitcoin maximalists have been underlining the sustained performance of BTC amidst the crisis. The proponents of a decentralized banking system have time and again suggested that a trustless financial system is the only way forward for a stable economy.Subscribe to get it daily in your inbox.
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