Neobank of Germany introduces the function of buying and selling cryptocurrencies

According to information received recently, Neobank N26 from Germany is launching a new product for trading cryptocurrencies. It will be called N26 Crypto and will operate in five countries including Germany. Users from Portugal, Ireland, Belgium and Switzerland will also be able to buy and sell digital assets.

New customers immediately registered with the neobank to try out the new feature. The operations of this neobank can be carried out in an application designed for new functions. According to the expectations, customers will be able to conduct transactions with almost 200 different digital assets. An application that allows you to trade cryptocurrencies in Europe will provide a unique customer proposition and is likely to strengthen the neobank's position in the vast economic sphere.

According to N26, the amount of all client funds on the company's deposits exceeds the mark of 6,000,000,000 euros. Neobank's management wants to give its customers new opportunities and expand their options when using the application.

Top management has long wanted to take their first step towards cryptocurrencies in these countries as well. Their plans for this event have been known for a long time. The first rumors appeared in 2021, and the pilot crypto product was launched for the people of Austria in 2022. Now that N26 have gained the necessary experience, they intend to scale and use the existing knowledge to scale.

It is worth noting that N26 want to make the process as simple as possible. As conceived by the neobank, it will be enough for the client to choose a cryptocurrency and, using the menu, to complete the act of buying and selling a digital asset as soon as possible. The implementation of the idea will be carried out thanks to the collaboration with Bitpanda Asset Management GmbH. N26 will charge a fee for ongoing operations.