Connect with us

Uncategorized

Santander’s Openbank Starts Offering Crypto Trading in Germany, Spain Coming Soon

Published

on

The digital banking arm of Spanish financial giant Santander Group, Openbank, opened cryptocurrency trading for customers in Germany, with plans to add its home market in the next few weeks.

The new service allows users to buy, sell and hold five popular cryptocurrencies: bitcoin (BTC), ether (ETH), litecoin (LTC), polygon (MATIC) and cardano (ADA), according to a press release. The cryptocurrencies are available alongside stocks, ETFs and investment funds.

Customers can trade without moving funds to an external platform, keeping all investments in one place under Santander’s umbrella, the bank said.

“By incorporating the main cryptocurrencies into our investment platform, we are responding to the demand of some of our customers,” said Coty de Monteverde, head of crypto at Grupo Santander.

The bank charges a 1.49% fee per transaction, with a 1 euro ($1.2) minimum, and does not include custody fees. The bank said it plans to add more cryptocurrencies and new features, such as crypto-to-crypto conversions, in coming months.

Santander Private Bank was back in 2023 making headlines when it started letting clients with accounts in Switzerland trade BTC and ETH. It selected crypto safekeeping technology firm Taurus for custody.

Continue Reading
Click to comment

Leave a Reply

Ваш адрес email не будет опубликован. Обязательные поля помечены *

Business

Strategy CEO: Equity and Debt Flexibility Power Long-Term Bitcoin Accumulation Plan

Published

on

By

Phong Le says Strategy has no near-term debt maturity risk and plans to continue using convertibles and equity to grow its bitcoin position over time.

Continue Reading

Uncategorized

New York state law takes aim at personalized pricing

Published

on

By

Businesses that use personalized pricing are now required to tell customers, “This price was set by an algorithm using your personal data.»

Continue Reading

Business

Crypto Payments Firm Truther to Launch Non-Custodial USDT Visa Card in El Salvador

Published

on

By

The card doesn’t require preloading funds or custodial services, and carries a 2% fee on currency conversions, with no IOF tax for Brazilian users.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.