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Australia's CBA offers crypto trading, breaks ranks with industry

Australia's biggest lender said it will partner with New York-based exchange Gemini Trust Company LLC to offer a "crypto exchange and custody service" through a new feature in its mobile banking app that is used by about 6.4m customers. 

"We believe we can play an important role in crypto to address what's clearly a growing customer need," Commonwealth Bank Chief Executive Matt Comyn said in a statement.

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crypto, banking, australia