N26 expands its cryptocurrency offering to new markets – What does this mean for investors?

N26 Expands Availability of Cryptocurrency Product to Additional European Markets

N26, a German neobank headquartered in Berlin, continues to expand its cryptocurrency offering by introducing N26 Crypto to five new European markets. This is a significant step in the fintech company’s development strategy, which has been successful over the years.

N26 Crypto – Available in More Countries

N26 Crypto, a tool for trading cryptocurrencies, was first launched in Austria in October 2022. However, the company is now expanding its offering, allowing users to access N26 Crypto in Belgium, Germany, Ireland, Portugal, and Switzerland. This move provides traders in these countries with the opportunity to invest in over 200 different digital assets.

Comprehensive Features of N26 Crypto

N26 Crypto stands out from other banking apps due to the wide range of cryptocurrencies available to customers. By partnering with Bitpanda Asset Management GmbH, the company not only enables transactions but also offers custodian services, all within a single platform.

Fees and Benefits for Customers

The fees for cryptocurrency transactions on the N26 Crypto platform are 1.5% for Bitcoin transactions and 2.5% for other cryptocurrencies. For N26 Metal account holders, there is an option to reduce these fees to 1% and 2%, respectively, providing an additional incentive to use this platform.

N26’s Evolution in the Context of Digital Assets

Founded in 2013 by Valentin Stalf and Maximilian Tayenthal, N26 is rapidly expanding its financial services, gaining the trust of 8 million customers across more than twenty markets. The company is currently valued at over $9 billion, indicating its significant position in the fintech world.

N26 – A New Player in the Digital Assets Market

Despite entering the digital assets market relatively late, N26 is becoming increasingly competitive among companies such as Revolut and PayPal. By offering investors user-friendly banking tools and access to cryptocurrencies at a time of their heightened popularity, N26 becomes an attractive option for a wide range of users interested in investing in digital assets.