Cryptocurrency trading service launched by Openbank
In a significant move, Openbank, the fully digital banking platform owned by Grupo Santander, has announced the launch of a new cryptocurrency trading service. This service, now available to all Openbank customers in Germany, will be expanded to Spain in the coming weeks.
Headed by Coty de Monteverde, the Head of Crypto at Grupo Santander, the service aims to provide a seamless and regulated crypto trading experience for customers. With this service, Openbank customers can buy, sell, and hold major cryptocurrencies like Bitcoin, Ether, Litecoin, Polygon, and Cardano within the investment platform itself.
The service is backed by Santander, ensuring a secure and reliable tradingview environment. One of the key benefits is that there's no need to transfer money to other platforms for cryptocurrency trading. Customers can manage their cryptocurrency investments alongside their other investments within Openbank.
Moreover, the service comes with competitive fees of 1.49% on asset sale and purchases (with a minimum of €1 per operation). There are no custody fees associated with the new cryptocurrency trading service.
Openbank's cryptocurrency offering is compliant with European regulations such as MiCA, providing customers with the guarantees and investor protection they need.
In recent weeks, Openbank has also launched a broker platform equipped with artificial intelligence-based tools that deliver target prices for more than 1,000 European and US stocks. The platform offers 3,000 investment funds from over 123 asset managers and more than 2,000 ETFs.
The expansion of the cryptocurrency offering is not the only recent development at Openbank. The bank also offers an automated investment service, Robo Advisor. In the coming months, Openbank will expand its portfolio of available cryptocurrencies. The bank will also offer new functionalities such as conversion between different cryptocurrencies.
This cryptocurrency offering is the latest expansion of Openbank's product offerings, further solidifying its position as a comprehensive digital banking platform. With its focus on security, regulation, and user-friendly interface, Openbank is set to revolutionize the way customers interact with cryptocurrencies.
Read also:
- Mural at blast site in CDMX commemorates Alicia Matías, sacrificing life for granddaughter's safety
- Comcast Introduces Sports-Oriented Video Bundle in Preparation for the World Cup Tournament
- Is Maruti's reign over the SUV market being challenged by Mahindra's aggressive move to snatch the top spot?
- Social Security Administration Abandons Plan for Electronic Payments: Important Information for Recipients of Benefits
