Italian Bank, Banca Sella Launches Bitcoin Trading
Italy’s leading banks, Banca Sella, have now started
providing Bitcoin trading services via its platform named Hype due to
coronavirus pandemic, reports CoinTelegraph.
With the rising national debt and the constant increase in
the death rate due to the coronavirus pandemic, it appears that Italy does not
have much positive news to share or anything to look forward to.
The bank has created a platform for its users that will
enable the trading of Bitcoin without having to access any of the
cryptocurrency exchanges such as ZebPay, CoinBase, Binance, or eToro.
Executive Opinion
In CoinTelegraph report, General Manager at Hype, Antonio Valitutti, said, "The
cryptocurrency and Bitcoin market, in particular, continues to arouse interest,
especially among the public that constitutes our customer base — by definition
young and smart and who, increasingly, expect to be able to access this world
through the tool that they use to manage money on a daily basis."
Crypto boost in Italy
Banca Stella’s Hype has been active and popular in Italy. The additional support of Bitcoin will Hype will help boost cryptocurrency trading. The Hype platform already deals with financial instruments such as CFD and derivatives trading.
The Bitcoin wallets are directly linked to Hype accounts. Thus it eliminates the need to recharge another wallet or generate a separate one using other platforms. The customer can continue with the Bitcoin trading until they have a balance in the Hype account.
Conio, a Milan based startup, has also introduced an additional Bitcoin wallet on the Hype platform, without any KYC requirement, note the report.
PC: TechSutram
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