The Mobile Bank N26 has announced it is expanding its trading app into several European markets.
Launched late last year in Austria, N26 Crypto will now allow eligible customers in Germany, Switzerland, Belgium, Portugal, and Ireland to buy and sell almost 200 cryptocurrencies in their N26 app. The product will be made available progressively to eligible customers over the coming weeks.
Speaking on the announcement Gilles BianRosa, Chief Product Officer at N26, said: “The N26 banking experience has always been built around the customers’ needs, with features that make money management easy. 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 being the first asset class we intend to offer.
Customers who have successfully completed N26’s identity verification and eligibility checks can access N26 Crypto from the “Trading” section within their N26 app’s new “Finances” tab. The platform will offer almost 200 coins available to buy and sell, which is said to be one of the largest selections of available coins to trade in a banking app globally.
N26 co-founder and Co-CEO, Valentin Stalf added, “Market fluctuations aside, cryptocurrencies continue to remain a requested and interesting asset class for investors and a growing part of the financial system. Cryptocurrency trading is often the entrypoint to investing for a new generation of investors who are looking to explore ways to grow their wealth. With N26 Crypto, we are offering a simple way to trade and invest, with a great user experience and low and transparent fees.”
