It’s about time! German neobank n26, one of the biggest European fintechs with over $9 billion in valuation, is ready to tackle crypto and equities trading following its efforts for global expansion.
German neobank N26, one of the biggest European fintech companies and has a $9-billion valuation, is finally ready to tackle crypto and equities trading after striving for a global expansion.
Despite being an early player in the financial technology boom across Europe, the Berlin-based online bank N26’s global ambitions induced a setback in its diversification of services, N26 co-founder and co-CEO Max TayenthalAfter exiting two critical fintech markets — the United States and the United Kingdom — N26 plans to “sharpen its focus on its European business” by introducing new products and services to its 7 million customers.
According to Tayenthal, who admitted that the online bank needs to expand its product universe, N26 aims to launch a crypto trading business in 2022 followed by an equities brokerage instead of “putting flags in new markets.” The N26 mobile app currently doesn’t offer crypto functionality, and features of the upcoming product related to crypto trading are yet to be revealed. Cointelegraph has reached out to N26 for more information, and this article will be updated pending new details.
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