Coinbase and Conio have joined forces to offer cryptocurrency services to Italian banks. Conio, which is partially owned by Poste Italiane and Banca Generali, has integrated Coinbase Prime as a liquidity provider. This partnership aims to provide Italian banks with a secure way to meet the increasing demand for digital assets by accessing Coinbase's liquidity. Conio's general manager, Orlando Merone, expressed their goal of becoming a trusted partner for banks and institutions venturing into the world of digital assets. Daniel Seifert, Coinbase's Vice President and Regional Managing Director, EMEA, also expressed their satisfaction with the collaboration, emphasizing the increased liquidity available to support Italian banks and financial institutions in the digital asset sector. The article highlights the trend of more banks integrating cryptocurrency services, citing the recent partnership between the Bank of Italy and Polygon and Fireblocks to establish a regulated platform for institutional DeFi.
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