• Australia’s largest bank will reportedly allow its customers to buy, sell, and hold bitcoin starting next year.
  • Commonwealth Bank’s customer base of 6.5 million people represents over 25% of Australia’s total population.
  • It is unclear whether customers will be able to withdraw their bitcoin to an external wallet.

Commonwealth Bank (CBA) will reportedly enable its 6.5 million customers to buy, sell, and hold bitcoin directly in its banking app, according to the Australian Financial Review. The bank will become the first in Australia to offer customers direct access to bitcoin and join a handful of other financial institutions in the world to cater to the growing demand for the scarce asset.

According to the report, CBA hasn’t made a formal announcement yet and is preparing to share its developments in integrating BTC into its app on Wednesday, November 3.

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