Cryptocurrency Move from the Well-established Bank Managing 215 Billion Dollars!

Banks, not indifferent to the increasing popularity and adoption of Bitcoin (BTC) and cryptocurrencies, continue to offer cryptocurrency trading services for their customers.

At this point, the last move came from Raiffeisen Bank, one of the largest banks in Austria.

Accordingly, Raiffeisen Bank International, which is based in Vienna and has $215 billion in assets under management, is preparing to offer cryptocurrency trading services to its customers.

Stating that its customers in the European Union and Eastern Europe can benefit from this service, the bank plans to launch the cryptocurrency trading service by the end of January 2024.

Raiffeisen Bank stated that this service will be offered through Bitpanda, the cryptocurrency exchange with which it has partnered.

Curt Chadha, Chief Innovation Officer at Raiffeisen Bank, said that the crypto trading service will first be offered to customers in Vienna, where approximately a quarter of Austria’s population lives.

“Our customers will be able to use their mobile device to access the Bitpanda exchange through the Raiffeisen app. This service will work like an account-to-account bank transfer, with the same type of security customers are accustomed to.”

In the statement, it was also stated that the bank has been operating for 97 years and has 17.8 million customers.

*This is not investment advice.