German online bank N26 to expand crypto trading

German on-line financial institution N26 stated on Tuesday that it might increase the checklist of nations the place its clients might commerce cryptocurrencies to incorporate these in Germany and Switzerland.

In addition, N26 stated it might present the service for patrons in Belgium, Portugal and Ireland.

Last yr, N26 started providing crypto buying and selling for some clients in Austria solely, in its first foray into the asset class.

The costs of main cryptocurrencies resembling bitcoin and ether have fallen sharply over the previous yr as a broader downturn in world markets prompted buyers to ditch dangerous belongings and following the collapse of Sam Bankman-Fried’s FTX.

N26 stated it might roll out the expanded buying and selling progressively over the approaching weeks.

Founded in 2013, the Berlin-based financial institution has been cited by regulators for lapses in its anti-money laundering controls. The financial institution has stated that it has made enhancements.

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