Trade Republic Enhances Crypto Services with New Wallet

Trade Republic, a prominent European savings platform, has launched a new Crypto Wallet, marking its transformation into a comprehensive wealth management platform. This innovation allows customers to manage around 50 cryptos, stake assets like Solana and Ethereum, and use crypto for payments with a 2% Crypto Saveback incentive. The wallet represents the third asset class in Trade Republic’s service offerings, following Private Markets and Fixed Income.

The Crypto Wallet underscores Trade Republic’s commitment to incorporating crypto seamlessly into everyday financial activities. As a regulated bank under the Markets in Crypto-Assets Regulation (MiCAR), Trade Republic prides itself on providing secure crypto services, with cold storage solutions managed by BitGo Europe GmbH, enhancing customer trust.

Co-Founder Christian Hecker highlights the mainstream acceptance of crypto in financial systems, as seen with pension funds and companies like Tesla investing in Bitcoin and Ethereum. Trade Republic aims to simplify crypto transactions within a regulated banking framework, ensuring secure and accessible financial solutions for over 10 million European customers.