Openbank now allows the purchase and sale of cryptocurrencies: you can invest from €1
Openbank has already launched its new service in Spain to operate starting from one euro with the main cryptocurrencies on the market, according to the statement sent this Tuesday.
Starting this Tuesday, Bank clients will be able to buy, sell and store bitcoin, ether, litecoin, polygon and cardanoall from the ‘app’ itself and from the Openbank website, without the need to transfer money to other external platforms.
The bank launches this service after obtaining the MiCA authorization (European Regulation on Crypto Asset Markets) by the National Securities Market Commission (CNMV) to operate as a cryptoasset service provider.
Openbank, digital entity of the Santander Group, thus becomes one of the first Spanish entities to offer this type of services within the European regulatory framework.
Over the next few months, the bank will continue to expand the number of available cryptocurrencies and will add new functionalities, such as the conversion between different cryptoassets. The new service has commissions of 1.49% per operation (with a minimum of one euro) and no asset custody cost.
Openbank already launched this service last September in Germany. It thus expands its range of investment products, which consists of a robo-advisor and a catalog of shares, investment funds and ETFs.
It also has a broker platform with artificial intelligence tools which provide price targets for more than 1,000 European and US stocks.
