Lukas Konrad, Deputy CEO of BitPanda, said that the partnership with Raiffeisen Bank became possible against the background of the implementation of the European Union's plan for the institutional adoption and regulation of digital assets.
"Europe has a great advantage when it comes to the adoption and regulation of digital assets, as well as a clear regulatory framework that comes into force from January 2025," Konrad said.
He clarified that at the first stages of cooperation, clients of the Austrian Raiffeisen Bank banking group will have access to investments in cryptocurrencies with the largest market capitalization, such as bitcoin and ether. According to a preliminary survey, more than 10% of Raiffeisen Bank's customers expressed interest in this offer, Konrad added.
Recall that in April, Germany's largest federal bank Landesbank Baden-Württemberg (LBBW) announced a BitPanda partnership, within which it will provide digital asset storage services.