Austrian Bank Teams Up with Bitpanda to Offer Digital Asset Trading
Austria’s Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) has partnered with leading crypto platform Bitpanda, allowing its customers to trade a wide range of digital assets directly through the bank’s mobile application.
TLDR
- RLB NÖ-Wien becomes the first major traditional European bank to provide crypto trading capabilities.
- Customers can now trade over 2,000 digital assets including crypto, stocks, ETFs, and precious metals via RLB’s mobile banking app.
- The white label solution from Bitpanda provides a seamless, user-friendly integration with RLB’s existing digital banking offerings.
- Bitpanda’s licensed and regulated platform ensures safe and compliant digital asset investments for RLB NÖ-Wien.
This partnership allows RLB NÖ-Wien customers to easily access over 2,000 investment products, including cryptocurrencies, stocks, ETFs, and precious metals through Bitpanda’s white label software solution. RLB NÖ-Wien CEO Michael Höllerer stated that this collaboration meets the growing demand for digital investment solutions while focusing on customer needs.
The integration of Bitpanda’s platform into RLB NÖ-Wien’s mobile app provides users with a user-friendly interface for trading various assets. By utilizing Bitpanda’s modular platform, RLB NÖ-Wien benefits from stringent security measures and operates within regulatory guidelines.
As a regulated entity with licenses in Austria and Europe, Bitpanda enables incumbent institutions like RLB NÖ-Wien to offer digital asset investments without their own licenses. The CEO of Bitpanda, Lukas Enzersdorfer-Konrad, emphasized the safety and security of investing directly from a bank account.
The implementation of Bitpanda’s white label solution allowed RLB NÖ-Wien to launch the functionality within a short timeframe. By entering the crypto asset trading space, RLB NÖ-Wien positions itself as an innovative bank expanding digital asset accessibility. The partnership with Bitpanda opens up new investment opportunities for customers.
Hot Take: Austrian Bank and Bitpanda Pave the Way for Digital Asset Trading
The collaboration between Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) and Bitpanda marks a significant milestone in the European banking industry. RLB NÖ-Wien becomes the first major traditional bank to offer its customers access to digital asset trading through its mobile banking app. This partnership not only meets the growing demand for digital investment solutions but also ensures the safety and compliance of these investments.
By leveraging Bitpanda’s robust infrastructure, RLB NÖ-Wien can provide its customers with a seamless and user-friendly experience when trading over 2,000 digital assets. This move showcases RLB NÖ-Wien’s commitment to innovation and customer-centric services. It also demonstrates Bitpanda’s ability to tailor its technology solutions for banks seeking to tap into the increasing demand for crypto market exposure.
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