N26, a $9 billion German neobank, has developed cryptocurrency trading capabilities in collaboration with investing platform Bitpanda.
Customers in Austria will be able to trade over 100 tokens, including dogecoin, SOL, AVAX, and Shiba Inu, beginning today, according to a statement released on Thursday. These functionalities will be made available in more areas in the following months.
These capabilities are made possible by APIs from Bitpanda’s white-label company, which allows platforms to use its trading tools. It will be accessible through the trading part of the N26 app’s upcoming“Finances tab.
N26 CEO Valentin Stalf said in the announcement.:
“While cryptocurrencies have seen a decline in value over the last year, they remain a requested and interesting asset class for investors and a growing part of the financial system.
Cryptocurrency trading is often the entry point to investing for a new generation of investors who are looking to explore ways to grow their wealth.”
Despite the fact that N26 has over 8 million subscribers in Europe, many will have to wait for additional services. Bitpanda has yet to get a license from Germany’s financial authority, BaFin, which means that the debut of N26 Crypto in its home country is still uncertain.
A Bitpanda spokesperson stated:
“The BaFin license comes with a particularly high priority. We have been in the process of acquiring the most extensive license for some time now in order to create a serious and regulated environment for investments in digital assets in Germany.”
Bitpanda is registered with regulatory authorities in France, Italy, Sweden, and Spain, in addition to Austria, which is an important market for N26.
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