Today, Bitpanda and German Neobank N26 have launched cryptocurrency trading tools. Customers in Austria will soon be able to trade more than 100 tokens. This partnership with Bitpanda is expected to expand to other countries over the next few months.
N26, a German Neobank worth $9 billion, launched cryptocurrency trading tools through a partnership with Bitpanda, an investment platform.
According to a Thursday statement, customers in Austria can trade more than 100 tokens starting today. These features will soon be available on other markets.
These tools can be accessed via APIs provided by Bitpanda’s white label business, which allows platforms to use its trading tools. You can access it via the Trading section of the N26 App’s forthcoming “Finances” tab.
Valentin Stalf, CEO of N26, stated that cryptocurrencies had seen a decrease in value in the past year but they are still a sought-after and interesting asset class for investors. For many investors looking to increase their wealth, cryptocurrency trading can be the right way to start investing.
In July 2017, The Block reported that the German Neobank was working with a top-tier crypto exchange to develop a new trading feature. Initial plans were for a release in late 2021.
N26 currently has more than 8 million customers in Europe. However, not everyone will be able to use the updated features immediately. Bitpanda has yet to receive a license from Germany’s financial regulator BaFin. This means that N26 Crypto is not yet available in its native country.
The Bitpanda spokesperson emphasized that “the BaFin license is of particular importance”. “We are in the process of acquiring the largest license in order to create a regulated and serious environment for digital asset investments in Germany.”ny.
Bitpanda has also been approved by the Austrian regulator. This is a key market for N26.
Fintech ventures into crypto
These features are being offered by fintech companies as a push to provide crypto features despite the current market conditions. Step , a banking platform launched this month. This platform is aimed at the core demographic of young adults and minors. Another Neobank, Stash or Revolution, have recently sought to increase their crypto offerings through a partnership with Apex Crypto.
