Raiffeisen Bank, one of Austria’s largest banking groups, will provide cryptocurrency trading services for its individual customers.
97-year-old Raiffeisen Bank offers trading services for cryptocurrencies until the end of January 2024 plans to launch.
The service, which the bank will offer in cooperation with Bitpanda, with which it reached an agreement at the beginning of this year, will be available only to customers in Vienna in the initial stages.
Curt Chadha, chief innovation officer at Raiffeisen Bank, said in an interview: “We start from Vienna, where almost a quarter of Austria’s population lives. The customer will be able to log in to Bitpanda through the Raiffeisen application using his mobile device. “It will be a similar experience, transactions will be confirmed the same way bank transfers between accounts are approved, and it will be as secure as customers are used to.” said.
Raiffeisen has more than 17 million customers across Europe. 215 billion dollars It has valuable assets.
Raiffeisen only to wealthy clients Unlike other banks that provide services for investing small amounts It will serve individual investors who want it.