BitPanda Deputy CEO Lukas Konrad said that the partnership with Raiffeisen Bank was made possible amid the implementation of the European Union's plan for institutional acceptance and regulation of digital assets.
“Europe has a big advantage when it comes to the adoption and regulation of digital assets, with a clear regulatory framework that comes into force from January 2025,” Conrad said.
He clarified that in the first stages of cooperation, clients of the Austrian banking group Raiffeisen Bank will have access to investments in cryptocurrencies with the largest market capitalization, such as Bitcoin and Ethereum. According to a preliminary survey, more than 10% of Raiffeisen Bank clients expressed interest in this proposal, Conrad added.
Let us recall that in April, the largest federal bank in Germany, Landesbank Baden-Württemberg (LBBW), announced a partnership with BitPanda, within which it will provide digital asset storage services.
Source: Bits
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