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Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading

Austria’s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks breaking into the digital asset custody business. The 130-year-old bank announced plans for the service in April upon signing a letter of intent to collaborate on the offering with crypto trading platform Bitpanda. At the time, the bank claimed it would be the first traditional credit union in the European Union (EU) to include crypto within its digital investment offering. At first, the service will only be offered to retail customers in Vienna, in contrast to other crypto-curious banks beginning with a focus on institutional clients.

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