{"id":88136,"date":"2023-11-23T23:25:05","date_gmt":"2023-11-24T04:25:05","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/vienna-based-raiffeisen-bank-expands-services-to-include-crypto-trading\/"},"modified":"2023-11-23T23:25:06","modified_gmt":"2023-11-24T04:25:06","slug":"vienna-based-raiffeisen-bank-expands-services-to-include-crypto-trading","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=88136","title":{"rendered":"Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading"},"content":{"rendered":"<div>\n<figure id=\"attachment_136019\" aria-describedby=\"caption-attachment-136019\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-136019\" class=\"wp-caption-text\">Raiffeisen Bank. Source: Adobe \/ Cristi<\/figcaption><\/figure>\n<p>Austria\u2019s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks breaking into the digital asset custody business.\u00a0<\/p>\n<p>The 130-year-old bank announced plans for the service in April upon signing a letter of intent to collaborate on the offering with 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.\u00a0<\/p>\n<p>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. \u201cWe are starting in Vienna where about a quarter of Austria\u2019s population lives,\u201d said Curt Chadha, the bank\u2019s head of innovation, in an interview with <i>CoinDesk<\/i>. He added:<\/p>\n<blockquote>\n<p>\u201cThe customer can use their mobile device to enter Bitpanda through the Raiffeisen app. The experience will be familiar, so confirming a trade will work exactly like an account-to-account bank transfer with the same sort of security customers are used to.\u201d<\/p>\n<\/blockquote>\n<p>Raiffeisen Bank boasts 16.7 million customers across Austria and Central and Eastern Europe, supported by roughly 45,000 employees, according to its website. Its international business holds $224 billion in assets under management.\u00a0<\/p>\n<p>Its entry into crypto custody follows an announcement from Commerzbank earlier this month that the German banking giant became the first full-service bank in the country to receive a crypto custody license from regulators.\u00a0<\/p>\n<p>A week prior, Britain\u2019s HSBC confirmed it would launch crypto custody for tokenized securities next year in partnership with the Ripple-owned digital asset custody firm Metaco.\u00a0<\/p>\n<h2>The Importance of Regulation<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Throughout the year, the continent\u2019s lawmakers and regulators have helped clear a path for crypto as a regulated financial industry, creating a more welcoming environment for legacy financial players.\u00a0<\/p>\n<p>Raiffeisen Bank\u2019s partner, Bitpanda, launched in 2014 with a focus on enabling traditional banks and Fintechs to launch stock, ETF, and crypto custody services within a regulated venue. <\/p>\n<p>\u201cRecent events have once again shown that regulatory compliance must not be seen as a barrier to growth,\u201d stated BitPanda over X on Thursday. \u201cWe firmly believe that a collaborative approach to regulation is crucial for the long-term success of the crypto industry.\u201d<\/p>\n<p>Earlier this week, Binance was fined $4.3 billion by the U.S. Department of Justice for failing to comply with anti-money laundering requirements.\u00a0<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/vienna-based-raiffeisen-bank-expands-services-to-include-crypto-trading.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raiffeisen Bank. Source: Adobe \/ Cristi Austria\u2019s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks breaking into the digital asset custody business.\u00a0 The 130-year-old bank announced plans for the service in April upon signing a letter of intent to collaborate on the offering with with crypto [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":88137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-88136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Raiffeisen Bank. Source: Adobe \/ Cristi Austria\u2019s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=88136\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Raiffeisen Bank. Source: Adobe \/ Cristi Austria\u2019s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=88136\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-24T04:25:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-24T04:25:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1700767097-adobestock_436467106_editorial_use_only.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"933\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=88136#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=88136\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading\",\"datePublished\":\"2023-11-24T04:25:05+00:00\",\"dateModified\":\"2023-11-24T04:25:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=88136\"},\"wordCount\":429,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=88136#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=88136\",\"url\":\"https:\/\/ifintechworld.com\/?p=88136\",\"name\":\"Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-11-24T04:25:05+00:00\",\"dateModified\":\"2023-11-24T04:25:06+00:00\",\"description\":\"Raiffeisen Bank. Source: Adobe \/ Cristi Austria\u2019s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=88136#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=88136\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=88136#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading | iFintechWorld","description":"Raiffeisen Bank. Source: Adobe \/ Cristi Austria\u2019s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=88136","og_locale":"en_US","og_type":"article","og_title":"Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading | iFintechWorld","og_description":"Raiffeisen Bank. Source: Adobe \/ Cristi Austria\u2019s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks","og_url":"https:\/\/ifintechworld.com\/?p=88136","og_site_name":"iFintechWorld","article_published_time":"2023-11-24T04:25:05+00:00","article_modified_time":"2023-11-24T04:25:06+00:00","og_image":[{"width":1200,"height":933,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1700767097-adobestock_436467106_editorial_use_only.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=88136#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=88136"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading","datePublished":"2023-11-24T04:25:05+00:00","dateModified":"2023-11-24T04:25:06+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=88136"},"wordCount":429,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=88136#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=88136","url":"https:\/\/ifintechworld.com\/?p=88136","name":"Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-11-24T04:25:05+00:00","dateModified":"2023-11-24T04:25:06+00:00","description":"Raiffeisen Bank. Source: Adobe \/ Cristi Austria\u2019s Raiffeisen Bank is set to launch crypto trading services in 2024, joining a slew of European banks","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=88136#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=88136"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=88136#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/88136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88136"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/88136\/revisions"}],"predecessor-version":[{"id":88138,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/88136\/revisions\/88138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/88137"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}