N26, a Berlin-based neobank serving both B2C and B2B segments, launched a cryptocurrency trading platform that is accessible via its mobile app. To provide this feature, the company collaborated with cryptocurrency trading platform developer Bitpanda.

The platform will first be available to Austrian customers, with the company intending to gradually roll out to the rest of Europe over the next six months.

Customers will initially be able to trade nearly 100 cryptocurrencies, with N26 planning to expand to 194 coins in the coming month. The company will charge Metal customers a 1% and 2% transaction fee for trading Bitcoins and other cryptocurrencies, respectively, while all other users will be charged an additional 0.5%.

Analyst QuickTake: N26 has been hinting at a cryptocurrency trading platform since earlier this year, with it conducting a crypto-related survey in July to check user preferences. With this launch, the company will join a growing list of neobanks offering cryptocurrency trading services such as Revolut , Dave , and Nubank .