Bitcoin (BTC) And cryptocurrency Banks are not indifferent to the increasing popularity and adoption of their units and continue to offer cryptocurrency trading services to their customers.
At this point, the last move is one of Austria’s largest banks. Raiffeisen BankIt came from.
Accordingly, Vienna-based and Raiffeisen Bank International, which has $215 billion in assets under management, is preparing to offer cryptocurrency trading services to its customers.
Stating that its customers in the European Union and Eastern Europe can benefit from this service, the bank plans to launch the cryptocurrency trading service by the end of January 2024.
Raiffeisen Bank stated that this service will be offered through Bitpanda, the cryptocurrency exchange with which it has partnered.
Curt Chadha, Chief Innovation Officer at Raiffeisen Bank, said that the crypto trading service will first be offered to customers in Vienna, where approximately a quarter of Austria’s population lives.
“Our customers will be able to use their mobile device to enter the Bitpanda exchange through the Raiffeisen app. “This service will operate like an account-to-account wire transfer, with the same type of security customers are accustomed to.”
In the statement, it was also stated that the bank has been operating for 97 years and has 17.8 million customers.
*This is not investment advice.
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