Austria's Raiffeisen Bank International plans to introduce cryptocurrency trading services for retail clients by January 2024. With assets worth around $215 billion and serving 17.8 billion customers across the EU and Eastern Europe, the bank aims to diversify its offerings. The upcoming launch signifies Raiffeisen Bank International's foray into digital currencies, providing convenient and secure trading options to its retail clientele.
The initial offering of the service will be available to customers based in Vienna, the bank's headquarters for over 97 years. This collaboration will be facilitated through Bitpanda, a cryptocurrency exchange, with whom the bank entered into a letter of intent earlier this year.
bank serves as yet another indication of the increasing pace of cryptocurrency adoption, particularly in regions where regulatory frameworks are gradually gaining clarity. Our service caters to digitally adept customers who prefer to make modest investments, unlike the options provided by other banks that primarily target affluent individuals seeking multi-million-dollar investments.
Clients can conveniently access Bitpanda via the Raiffeisen app on their mobile devices. The user interface remains familiar, ensuring a seamless experience. Confirming a trade is as simple as conducting an account-to-account bank transfer, with equal emphasis on robust security measures for the utmost peace of mind.