German neobank N26 to launch crypto trading later this year
N26 co-founder says rushing for a global expansion has caused N26 to drop behind in crypto and equities trading. German neobank N26, one of the biggest European fintechs with over $9 billion in valuation, is finally ready to tackle crypto and equities trading after striving for a global expansion.Despite being an early player in the financial technology boom across Europe, the Berlin-based online bank N26’s global ambitions induced a setback in its diversification of services, N26 co-founder and co-CEO Max Tayenthal said in an FT interview.After exiting two critical fintech markets, the....
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N26, a German online neobank, has announced it will get into the cryptocurrency trading business this year. The announcement was made by Max Tayenthal, co-founder and a CEO of the company, who pondered whether focusing on cryptocurrency instead of going global may have been a better idea. The company closed operations in the U.K. and is now exiting the U.S.
N26 to Offer Cryptocurrency Services
N26, a German online bank, has announced it will roll out cryptocurrency trading services for its customers this year. The co-founder of the bank, and one of its current CEOs, Max....
German private bank Hauck & Aufhäuser says it will launch a crypto investment fund in January next year, allowing institutional and semi-institutional investors to invest in digital assets including, bitcoin, ether, and stellar. ● According to a report on Fundview, the Frankfurt-based bank is partnering with local fintech company Kapilendo to establish the fund called ‘HAIC Digital Asset Fund I.’ Hauck & Aufhäuser will manage the fund while Kapilendo will act as the crypto asset depository. ● The minimum investment in the fund is 200,000 euros ($242,000),....
Uala, an Argentine neobank backed by George Soros, has launched cryptocurrency trading services for its users in Argentina. Customers of the company with the highest loyalty levels are now able to trade, purchase, and sell bitcoin and ether through Uala’s platform. The service is expected to be expanded to all customers in the coming weeks. Uala Gets Into Crypto On Nov 4, Argentine neobank Uala announced it is already offering cryptocurrency trading services through its app. The unicorn company, which has investments from George Soros and Steve Cohen, will roll out this functionality....
According to the plan, 50 million savings bank customers would be able to buy Bitcoin directly from checking accounts. German savings banks are reportedly planning to allow customers to invest in major digital currencies like Bitcoin (BTC) and Ether (ETH) directly from checking accounts.Savings banks in German-speaking countries, also known as Sparkassen, are working on a pilot to launch an in-house cryptocurrency wallet and exchange next year, local business magazine Capital reported Dec. 13.The pilot project is subject to approval by Sparkasse committees early next year, while the....
Cryptocurrency trading on the app provided by Germany’s second-largest stock exchange, Boerse Stuttgart, has hit record volumes. One billion euros in cryptocurrencies have been traded on the exchange’s crypto trading app, Bison, so far this year. 1 Billion Euros Crypto Trading Volume Germany’s second-largest stock exchange, Boerse Stuttgart, announced Monday that its cryptocurrency trading app Bison has reached a total trading volume of 1 billion euros (over $1.2 billion) so far this year. The cryptocurrency trading volume on Bison also hit record highs several days in....