1 year ago
Raiffeisen Bank’s RLB NÖ-Wien is preparing to present cryptocurrency trading services to its retail clients successful aboriginal 2024.
The Austrian subsidiary of European lender Raiffeisen Bank is preparing to let its clients to commercialized cryptocurrencies similar Bitcoin (BTC) successful the coming months.
After initially announcing its crypto plans successful April 2023, Raiffeisen Bank’s Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) is moving guardant with a crypto rollout successful collaboration with the Austrian crypto steadfast Bitpanda.
RLB NÖ-Wien expects to commencement rolling retired crypto trading services successful Vienna successful the archetypal 4th of 2024, a spokesperson for the slope told Cointelegraph.
“Raiffeisenlandesbank NÖ-Wien has signed a practice statement with Bitpanda. Via this cooperation, we program to connection an charismatic integer concern level aboriginal successful 2024,” the typical stated, adding:
“We person seen the request from customers for easy, intuitive, integer concern platforms. Our main volition to instrumentality customer-centric decisions has triggered these efforts, which we are excited astir bringing to market.”With the crypto rollout, RLB NÖ-Wien users volition summation entree to each cryptocurrencies provided by the bank’s spouse Bitpanda, a spokesperson for RLB NÖ-Wien said.
Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad antecedently told Cointelegraph that Raiffeisen’s crypto offering would support the afloat scope of Bitpanda’s integer plus offering, which features much than 2,500 cryptocurrencies, including Bitcoin and Ether (ETH). The exec besides said Raiffeisen was consenting to marque the crypto trading work disposable to each lawsuit segments, including retail, backstage banking and firm customers.
“As we announced successful April, the extremity end is to marque our connection disposable to each RLB NÖ-Wien customers. However, the rollout volition statesman with their customers successful Vienna,” a spokesperson for Bitpanda noted.
Related: Top Swiss slope launches Bitcoin and Ether trading with SEBA
Raiffeisen’s determination into crypto is different motion of Bitcoin’s increasing adoption, successful summation to companies similar Ferrari starting accepting cryptocurrency arsenic payment successful October 2023. Raiffeisen Bank is 1 of the oldest banks successful Europe, with the archetypal Raiffeisen slope launching successful Austria’s Mühldorf successful 1886. As of 30 June, 2023, the Raiffeisen Group had 247 cardinal Swiss francs ($280 billion) successful assets nether absorption and 219 cardinal CHF ($248 billion) successful lawsuit loans.
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