Austrian financial giant Raiffeisen Bank is collaborating with crypto exchange Bitpanda on a new venture aimed at giving investors access to the crypto market.
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In a press release on Wednesday, the Austrian lender said its unit Raiffeisenlandesbank NÖ-Wien wants to give customers an easy way to "accumulate wealth" with crypto. The both have signed a letter of intent to collaborate. However, the deal is expected to be finished by the end of the year.
In November last year, Bitpanda received a crypto license from Germany's financial regulator (BaFin), which allows the exchange to offer crypto services for German investors under its Crypto Custody and Proprietary Trading license.
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