N26, a $9 billion European digital bank, is launching bitcoin and cryptocurrency trading services, per a report from CNBC.
N26 Crypto, the bank’s newly formed service, is set to roll out to Austrian clients over the next few weeks and initially include bitcoin and a number of cryptocurrencies. Following its initial release, N26 plans to expand its service offering to clients in other markets over the course of the next six months.
However, users looking to leverage N26’s service should note that the bank does not support custodial wallet transfers, meaning users will not be able to move their bitcoin off of the platform. https://bitcoinmagazine.com/business/european-digital-bank-n26-enables-bitcoin-trading