The popularity of the cryptocurrency industry still continues despite the general decline in the recent period.
Leading cryptocurrency Bitcoin (BTC), $69,000 Although it has fallen after its record, banks and financial institutions are still in line to support BTC.
N26 Starts Cryptocurrency Trading
N26, one of the largest online banks in Germany, stated that it will offer crypto currency trading services this year.
According to the information reported by the Financial Times, the cryptocurrency trading service may officially start in the first half of the year.
The bank, which is one of the largest financial technology companies in Europe and reached a valuation of $ 7.8 billion, can actually set an example for other banks by entering the crypto money sector.
Co-manager of the bank Max Tayenthal In his statement on the subject, he stated that it makes much more sense to provide crypto currency trading services instead of opening up to the USA. Agreeing that this is a “smart idea”, the co-founder thinks that the bank made the right decision.
Stating that there are many things to consider and consider before opening up to new markets, the founding partner reminded that it is much easier to provide new services in the existing market.
Of course, in order to do this, it will need approval from Germany’s financial regulator.
Germany’s financial regulator BaFin, on the other hand, can often take very compelling measures on issues related to cryptocurrencies. Even the number of new customers of the bank was limited last month due to compliance with regulations by BaFin.