This is how the first bank to provide cryptocurrency services works

Becomes the first bank registered in the Trade Republic bank of spain Where you can invest in cryptocurrencies. It offers its clients to invest in cryptocurrencies along with other financial products with a single commission of one euro to cover the expenses of third parties and with the possibility of creating an investment plan crypto As a long term investment.

“Regulation is a fundamental step forward in terms of the presence of platforms with more information and unclear rules, which are like historical flaws in this area that we do not want to repeat,” he says. kintxo cortesoCountry Manager of Trade Republic Spain and says that «Trade Republic is one of the few companies that is within the current regulatory framework, and is the only bank to achieve this today, offering an ‘all-in’ savings and investment -one’ is in the form of a platform. ,

high demand property

License is granted by baffin (German Federal Financial Supervisory Authority). It has also registered with the Bank of Spain as a provider of cryptocurrency trading services.

Cryptocurrencies are considered a great innovation in the world of finance. They operate in decentralized networks that exist independently national coins or capital market. As a result, they have become a highly sought after asset class offering new options for investment strategies.

Spain’s high rate of inflation forces investors to adopt new investment strategiesKintxo Cortés, Country Manager of the Trade Republic

« Macroeconomic factors such as negative interest rates and inflation in the euro area compel investors to adopt new investment strategies, this is particularly relevant in Spain due to the high interest rate. inflation of 7%. We aim to open up long-term and diversified savings opportunities in the capital markets for our clients”, says Cortes.

Regarding Spain, he assured that “cryptocurrency is becoming more and more”. popular in the global economy and represent today’s projected market $2.5 trillion, Spain is no exception: according to industry reports, 15% invest in cryptocurrencies in Spain.”

“Education and knowledge are our priorities,” he says. Christian HeckerCo-founder of Trade Republic. The first regulated bank to offer operations with crypto assets represents an entry for this type of currency into an area where they are not well received.

How does this work

Conversation cryptocurrency in your Application Allows users to search cryptocurrency through the app’s search function and then invest in three clicks. Customers can also buy a fraction of the cryptocurrency.