Raiffeisen Financial institution to supply crypto buying and selling companies in EU and Jap Europe

Raiffeisen Financial institution Worldwide, a serious banking establishment primarily based in Vienna with $215 billion in belongings, is ready to introduce cryptocurrency buying and selling companies to its huge buyer base throughout the European Union and Jap Europe. The service, which is scheduled for launch by January 2024, is a results of the financial institution’s partnership with Bitpanda, a platform regulated by Austria’s Monetary Market Authority and Germany’s Federal Monetary Supervisory Authority.

The financial institution, which caters to 17.8 billion prospects, goals to satisfy the wants of the digitally literate demographic in search of safe and various funding choices. The collaboration with Bitpanda will permit Raiffeisen Financial institution’s purchasers to commerce cryptocurrencies straight by the financial institution’s app. The interface is designed to be user-friendly, making the method so simple as conventional financial institution transfers.

Curt Chadha, a consultant from Raiffeisen Financial institution, emphasised that the service would include sturdy safety measures that prospects are already accustomed to. This transfer comes as digital belongings proceed to achieve traction amongst retail traders who’re diversifying their portfolios past conventional shares, bonds, and treasured metals.

The preliminary rollout of the service will start in Vienna, the place Raiffeisen Financial institution is headquartered. Bitpanda’s platform not solely helps cryptocurrency trades but in addition presents buying and selling in shares, ETFs, and treasured metals, thus offering a complete suite of digital asset investments for purchasers.

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