The crypto market is falling but more and more institutions are interested in the sector. As investors scrutinize the markets, banks are moving into a new area. In the same vein, the German neobank N26 decided to expand its product range. Discover all the contours of a long-awaited partnership.
Crypto, when banks and exchanges join forces
In July last year, the German neobank N26 announced that it was collaborating with a leading exchange. This, in order to offer a new trading functionality. If the doubt has long hovered, we now know what platform it is. The bank said in an announcement that it is launching crypto trading tools in partnership with Bitpanda.
Now Austrian customers will be able to sell, buy and trade more than 100 tokens. Among others, Avalanche (AVAX), Shiba Inu (SHIB), Dogecoin (DOGE), Solana (SOL) and many others. According to a communicated released on Thursday, these features will be available in other markets in the coming months.
Valentin Stalf, the CEO of the online bank N26, says that cryptocurrencies remain very interesting assets despite the fall in price. He adds that digital assets are the perfect entry point for young investors looking for new ways. Returning to the partnership with Bitpanda, he states that these trading tools will be available on the bank’s crypto app.
To do this, users will only have to go to the trading section of the next tab named Finances. N26 has a market capitalization of $9 billion and has over 8 million users across Europe.
However, some traders will still have to wait to enjoy these features. Indeed, Bitpanda still does not have the license of the German market regulator BaFin. Because of this, German users will have to wait until N26 crypto launches in their home country.
However, Bitpanda says it is doing everything right now to get the license from German regulators. In the meantime, the exchange is already regulated in many countries. It is registered in countries such as Spain, Italy, France and Sweden. Without forgetting Austria of course.
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