Austrian bank Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) is set to offer Bitcoin trading services in the first quarter of 2024
Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), the Austrian subsidiary of European lender Raiffeisen Bank, is preparing to launch cryptocurrency trading services for its clients. The bank has partnered with Austrian crypto firm Bitpanda to roll out the new offering in Vienna early next year. RLB NÖ-Wien aims to meet the growing demand for digital investment platforms and will make the service available to all customer segments, including retail, private banking, and corporate customers. This move by Raiffeisenlandesbank highlights the increasing adoption of Bitcoin and other cryptocurrencies.
Collaboration with Bitpanda will provide access to a wide range of cryptocurrencies
Through its partnership with Bitpanda, RLB NÖ-Wien users will have access to an extensive selection of cryptocurrencies. Bitpanda's platform offers over 2,500 digital assets, including popular cryptocurrencies like Bitcoin and Ether. The bank plans to make its crypto trading service available to all RLB NÖ-Wien customers, starting with those in Vienna. The goal is to provide an attractive and user-friendly digital investment platform to meet the evolving needs of customers in the digital age.
Raiffeisen Bank's rich history and strong presence in Europe
Raiffeisen Bank, one of the oldest banks in Europe, traces its roots back to 1886 when the first Raiffeisen bank was established in Austria's Mühldorf. As of June 30, 2023, the Raiffeisen Group had a substantial amount of assets under management and client loans, totaling 247 billion Swiss francs ($280 billion) and 219 billion CHF ($248 billion) respectively. The bank's entry into the cryptocurrency market further demonstrates the industry's growing prominence and acceptance in traditional financial institutions.
