(CTN News) – Coinbase, a cryptocurrency wallet company partially owned by Poste Italiane and Banca Generali, has formed a partnership with Coinbase to provide Italian banks and financial institutions with access to digital assets.
Conio has integrated Coinbase Prime as a liquidity provider, and this collaboration will offer a secure solution for Italian banks to meet the increasing demand for digital assets by accessing Coinbase’s liquidity.
In a press release, Orlando Merone, the general manager of Conio, stated, “Our objective is to become the most trustworthy partner for banks, financial institutions, and companies seeking to enter the world of digital assets.”
Daniel Seifert, the Vice President and Regional Managing Director, of EMEA,
At Coinbase, expressed his satisfaction with the collaboration, stating,
We are pleased to inform you that we have established a partnership with Conio to bolster the liquidity available for Italian banks and financial institutions involved in the digital asset sector.
Conio was established in 2015 in San Francisco by Christian Miccoli and introduced an Italian Bitcoin smartphone wallet.
Coinbase, on the other hand, was launched in 2012 and is an American publicly traded company that operates a cryptocurrency exchange platform.
In recent times, an increasing number of banks have begun incorporating cryptocurrency into their range of banking offerings.
Just recently, the Bank of Italy disclosed its collaboration with the Ethereum scaling team Polygon and crypto infrastructure provider Fireblocks.
This partnership aims to launch a pilot program that seeks to establish a regulated platform for “institutional DeFi.”