Online broker flatexDEGIRO launches crypto trading in Germany. $FTK (-0.34%)
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With over three million customers, the online broker flatexDEGIRO is launching crypto trading in Germany. The company plans to enter Austria and the Netherlands in 2025.
The online broker flatexDEGIRO launched trading in 20 cryptocurrencies in Germany today, December 16. This is according to a press release made available to BTC-ECHO.
According to the company, it is "setting new standards in terms of total costs and price transparency." In addition, flatexDEGIRO is the first broker with full cost transparency for order fees and the spread.
Oliver Behrens, CEO of flatexDEGIRO, explains: "Cryptocurrencies add a relevant asset class to our broad product portfolio. With market-driven reference prices, very tight spreads and the lowest order fees, we want to create the leading crypto offering in Germany for our customers."
The new products are available to German customers of the brokerage platforms flatex and ViTrade. The online broker works with the securities trading bank tradias, while Tangany takes care of custody.
flatexDEGIRO plans to enter the Austrian and Dutch markets in 2025. "In the future, flatexDEGIRO wants to introduce further products and features, such as staking and crypto savings plans," the press release states.
According to its own statements, flatexDEGIRO AG is one of the leading and fastest growing online brokers in Europe and offers its services in 16 countries. The company has three million customers.
The crypto brokers operating in Germany and Austria are now facing new competition with flatexDEGIRO. After all, one of the leading providers for Bitcoin and Co. in Europe, Bitpanda, is based in Vienna.
Meanwhile, Bitpanda is continuing its expansion. According to a press release obtained by BTC-ECHO, the crypto broker has secured a Virtual Assets Regulatory Authority (VARA) in the United Arab Emirates.
