Berlin-headquartered neobank N26 has expanded its presence across five European countries which are Germany, Switzerland, Belgium, Portugal, and Ireland.
Therefore, interested users in these regions can now enjoy the services provided by the bank, especially crypto trading services N26 Crypto. The launch of these services in the aforementioned countries will be done gradually.
Henceforth, N26 users in Germany, Switzerland, Belgium, Portugal, and Ireland can trade up to 200 different digital currencies including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple XRP, Solana (SOL), Avalanche (AVAX) and Shiba Inu. The recent bearishness of the crypto market did not deter the mobile bank from widening its reach. According to co-CEO and co-founder Valentin Stalf,
“Market fluctuations aside, cryptocurrencies continue to remain a requested and interesting asset class for investors and a growing part of the financial system. Cryptocurrency trading is often the entry point to investing for a new generation of investors who are looking to explore ways to grow their wealth. With N26 Crypto, we are offering a simple way to trade and invest, with a great user experience and low and transparent fees.”
N26 Crypto in Austria
N26 introduced this crypto trading tool in collaboration with Austrian digital bank BitPanda in October 2022. The service was first available to Austrians with plans to push it to other regions depending on the feedback received within six months. Less than six months after its initial launch, it has now been launched in other European nations.
“With N26 Crypto, we have created a simple, intuitive product that integrates seamlessly into N26’s fully-regulated banking experience where one’s bank balance, savings, and investment portfolio sit side by side – with cryptocurrencies being the first asset class we intend to offer,” N26’s chief product officer, Giles BianRosa explained
The N26 Crypto trading platform began with trading about 100 cryptocurrencies, however, with the latest launch across more European countries, its crypto listings have now increased to about 200. Users are permitted to only buy and sell digital assets but can not transfer them out to other wallets. For N26 Metal account holders, a BTC transaction fee as low as 1% is requested.
Currently, the German neobank has up to €6 billion in assets under management (AUM) which is approximately $6.5 billion.