Trade Republic significantly expands its crypto offerings

Trade Republic is expanding its product range with its own crypto wallet, thus introducing, for the first time, transfers, staking, and payments with cryptocurrencies within a regulated banking environment. BTC-ECHO has learned this in advance from company sources.
Starting today, November 14th, customers can send and receive around fifty different cryptocurrencies and stake tokens like Ethereum and Solana directly through the platform. The resulting network rewards will be credited as usual.
Furthermore, cryptocurrencies can now be used in everyday life via the Trade Republic card. However, payments are considered sales transactions and may have tax implications; users receive two percent “Crypto Saveback” on card transactions, which is automatically deposited into a savings plan.
With the launch of the wallet, Trade Republic completes its positioning as a wealth management platform and is among the first banks in Europe licensed for crypto services under MiCAR. Asset custody is provided via BitGo Europe's cold wallet infrastructure. The company emphasizes that cryptocurrencies have become an established asset class for many institutional investors. The new service is available to more than ten million customers in Europe.

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