As of this Thursday, more than 3 million French customers can now buy and sell more than 200 cryptocurrencies via the online banking application.
After Lydia and Revolut, N26 is launching into cryptocurrencies in France. The online bank announced this Thursday, March 21, the deployment of its “N26 Crypto” offer on the French market. Its customers can now buy and sell more than 200 cryptocurrencies using their application. This service will be accessible to all its customers, including those with a free account, assures the bank.
This offer “will allow our customers to simply and safely take their first steps in these new types of assets which are attracting a lot of interest. No need for a wallet, to download a new application or to register on a platform for specialists,” declared Jérémie Rosselli, general manager of N26 France since the launch of online banking in France in 2018.
The bank intends to conquer a booming market, with 12% of French people owning crypto-assets (cryptocurrencies, NFT, stablecoin) in 2024, according to the latest study by the Association for the Development of Digital Assets (Adan). N26 will nevertheless have to face competition from crypto players who have been present on the market for a while, including Binance, Coinhouse and Coinbase.
Available in 7 European countries, N26’s crypto offering is possible thanks to a collaboration with the crypto exchange Bitpanda, in charge of customer transactions and the custody of their assets. Launched in 2015, N26 now has more than 8 million customers. N26 is not the first online bank to launch into cryptocurrency trading. In addition to the offer launched a year ago by the French unicorn Lydiait was Revolut which in 2017 became the first online bank in the world to offer the purchase and sale of cryptocurrencies on its platform.
Source: https://www.bfmtv.com/crypto/la-banque-en-ligne-n26-propose-desormais-une-offre-crypto-a-ses-clients-francais_AV-202403210313.html
