In Brief:
- Bitpanda announces partnership with French fintech firm Lydia.
- The collaboration will offer crypto and stock trading options to Lydia’s users.
- Bitpanda intends to expand its platform in France through this partnership.
Austrian cryptocurrency exchange Bitpanda announced its partnership with French fintech firm Lydia to provide cryptocurrency and stock trading options to Lydia’s 5.5 million users.
Lydia’s payments app is now fully integrated with Bitpanda’s digital asset investment product.
Lydia will utilize Bitpanda’s API-driven infrastructure to provide their customers with 24-hour access to investing via trades.
The 5.5m users will be able to invest in American and European shares, precious metals, cryptocurrencies, and ETFs through this collaboration.
If you can access an asset through your Bitpanda account, you can also access it through your Lydia account, and both firms charge the same fees.
Cyril Chiche, CEO and Co-founder of Lydia stated, “With Lydia trading, our ambition is to widen access to investment assets, to make it accessible to everyone whether they are simply curious, beginner investors or experts. Our users get to choose what their money finances, contrary to the traditional bank system. We are the first on the French market to provide such an extensive range of digital assets.”
The partnership with Lydia further solidifies Bitpanda’s ambitions in France, according to Eric Demuth, co-founder and co-CEO of Bitpanda.
Demuth stated that “France is a key market for Bitpanda and this is why we are currently opening up a local office in Paris and building a local team to own the growth in the market.”
Crypto exchanges planning to expand their platform in France are just rising in number with the recent one being Bitpanda.
Just last week cryptocurrency exchange Binance announced its plans to set its headquarters in France instead of Ireland.
Binance also invested $116 million with a nonprofit French Fintech to establish a research hub and expand its business in France.
