German online bank N26 rushes to launch crypto trading in 2022 - CryptoSlate
German online bank N26, revealed its plans to launch crypto trading service this year and add equities brokerage after that, reported Financial Times . The bank, which counts as one of the biggest European fintechs, with over $7.8 billion in valuation, made a shortsighted decision to focus on global expansion, at the cost of prioritizing new services, admitted N26 co-founder and co-chief executive Max Tayenthal. Co-founder admits "Should we have built trading and crypto instead of launching in the US? In hindsight, it might have been a smart idea," N26 co-founder and co-chief executive admitted to the Financial Times in an interview. According to Tayenthal, in recent months the bank came to a realization it "spread itself extremely thinly." "There are so many things we can work on instead of putting flags in new markets," he said, revealing the bank's plans to recalibrate its strategy and focus on diversifying services. In the aftermath of ...