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N26 Expands Crypto Trading to Five New European Countries

On August 19, 2024, N26 announced the expansion of its N26 Crypto service, reflecting the growing demand for accessible cryptocurrency trading among traditional financial institutions.

1 min 20 secAugust 19, 2024

Highlights:

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Wide Asset Selection: Access to over 200 digital assets for trading.

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Competitive Fees: Transaction fees as low as 1% for N26 Metal account holders.

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Seamless Integration: Manage crypto alongside traditional banking services in one app.

N26 Expands Crypto Trading to Five New European Countries

N26, the prominent German neobank, has announced an expansion of its cryptocurrency trading service, N26 Crypto, to five additional European countries: Belgium, Germany, Ireland, Portugal, and Switzerland. This strategic move, effective as of August 19, 2024, follows the initial launch of N26 Crypto in Austria in October 2022, where it quickly gained traction among users.

 

With this expansion, N26 Crypto now offers access to over 200 digital assets, making it one of the most extensive cryptocurrency trading platforms available among banking applications in Europe. The service allows customers to buy and sell cryptocurrencies directly within the N26 app, providing a seamless experience that integrates with their existing banking features. Users can easily manage their crypto portfolios alongside their traditional banking services, enhancing the overall user experience.

 

 

Gilles BianRosa, N26's Chief Product Officer, emphasized the bank's commitment to customer-centric services, stating, "The N26 banking experience has always been built around the customers’ needs, with features that make money management easy." The platform is designed to be intuitive, allowing users to execute trades quickly and efficiently, with funds appearing instantly in their accounts.

 

N26 Crypto employs a competitive fee structure, charging a 1.5% commission on Bitcoin transactions and 2.5% on other cryptocurrencies. For customers with N26 Metal accounts, these fees are reduced to 1% and 2%, respectively. This pricing strategy aims to attract a broader range of users, particularly those new to cryptocurrency trading.

 

 

The expansion reflects a growing trend among traditional financial institutions to embrace digital assets, catering to the increasing demand for accessible crypto trading options. As cryptocurrencies continue to gain popularity, N26 is positioning itself as a key player in the evolving financial landscape, appealing to both novice and experienced investors looking for a user-friendly platform to manage their digital assets.

 

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