German neobank N26 has announced it plans to add the ability to trade about 200 digital assets to the app in the coming months.
According to the announcement, the startup will use the solution of the Austrian crypto exchange Bitpanda under its own brand.
The function of withdrawing cryptocurrencies to third-party wallets is not provided.
The company’s Product Director Gille Bianrosa has explained the solution will prevent fraud and set high security standards. According to him, the platform is a “non-anonymous crypto trading system” that has “strict admission criteria” in addition to the bank’s existing KYC requirements.
He has emphasized that the bank is making long-term plans for digital assets, which “will remain an important part of the financial ecosystem.”