Italy's UniCredit Bank Expands Cryptocurrency Trading Desk to Include Spot Trading. UniCredit Bank in Italy is expanding the scope of its digital assets division to handle spot trading of cryptocurrencies. According to informed sources, the bank established a proprietary cryptocurrency trading desk within its corporate and investment banking division in 2023, which currently only trades cryptocurrency options, futures, and exchange-traded funds. Although spot trading has not yet commenced, the trading desk has obtained the necessary internal approvals and technical systems. UniCredit Bank is collaborating with Ripple Custody to build custody functions for any type of tokenized asset.