N26 Invites Five More Countries to Participate in Crypto Trading

• N26 has added five more countries to participate in crypto trading.
• Previously, N26’s crypto trading services were for customers in Austria alone.
• The German-based bank joins the industry pretty late after Visa, Revolut, and PayPal.

The European digital banking giant N26 is now extending its crypto trading products to Germany, Switzerland, Belgium, Portugal, and Ireland. According to an official document early today, the online banking giant noted that its customers in the aforementioned countries would now be eligible to buy and sell crypto directly from the N26 App.

With over six billion euros of customer deposits, N26 Crypto aims to help its users manage more aspects of their finances as its first step into the trading and investment space.

Gilles BianRosa, Chief Product Officer at N26, stated:

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.

Last October, N26 announced its intention to facilitate the trade of almost 200 crypto tokens for Austrians in collaboration with the Bitpanda exchange. BianRosa noted that providing crypto trading to N26 customers was a wealth-building option.

According to the press release from October, N26 customers may buy and sell tokens but would not be allowed to move them to other digital wallets.

Valentin Stalf, N26 co-CEO, said:

Market fluctuations aside, crypto remains a requested and interesting asset class for investors and a growing part of the financial system. Crypto trading is often the entry point to investing for new investors looking to explore ways to grow their wealth.

Notably, the Berlin-based bank joined the crypto industry pretty late after other payment behemoths, like Visa, Mastercard, Revolut, and PayPal, had already offered their customers the opportunity to purchase and sell digital assets.