Banca Sella, the second-oldest bank in Italy, has announced its plans to offer Bitcoin trading to its over 1.3 million customers. This makes the bank one of the oldest financial institutions to integrate this asset class.
Bitcoin Trading Launch
Banca Sella is preparing to facilitate Bitcoin trades through its mobile banking platform, Hype. Initially, beta testing will be available to a select group of Hype Plus (premium) customers. The service will be accessible to all customers within a few days.
Hype Platform Capabilities
The Bitcoin trading will be offered through Hype, a mobile platform that has been a joint venture between Banca Sella Holding and Illimity Bank since 2021. This partnership has made Hype one of the most popular and widely used financial digital services in Italy.
Significance for the Crypto Market
This service will enable Italian Bitcoin holders to trade the cryptocurrency directly on the Hype platform without needing an exchange. This development represents a significant step for cryptocurrency, demonstrating further mainstream acceptance and adoption of the asset class.
This move by Banca Sella highlights the growing acceptance of cryptocurrencies within the traditional financial sector and opens up new opportunities for users in Italy.
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