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The Guardian - AU

National

Josh Taylor

Commonwealth Bank pauses in-app cryptocurrency trading after market turmoil

Crypto Commonwealth Bank CBA Cryptocom Matt Comyn Ethereum

Visitors walk past a bitcoin image at Thailand Crypto Expo 2022 at Bangkok International Trade & Exhibition Centre (BITEC) on May 14, 2022 — Australia’s Commonwealth Bank has paused its app-based cryptocurrency trading after market turmoil. Photograph: Anadolu Agency/Getty Images

Australia’s largest bank has paused the launch of cryptocurrency trading through its app amid turmoil and uncertainty in the market.

Commonwealth Bank announced in November plans to allow its customers to buy and sell cryptocurrency through its app.

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