Open account

Partners Banka Launches Direct Bitcoin Trading in Czech Mobile Banking App

Czech retail lender Partners Banka has introduced integrated Bitcoin trading within its mobile banking application, becoming the first domestic commercial bank in the Czech Republic to offer the service. The bank partnered with domestic exchange Anycoin, operating under the European Union's MiCA regulatory framework, alongside execution provider MP Developers s.r.o. Transactions range from 500 Czech korunas ($22 to $23) up to 1 million korunas ($68,700). Purchases are funded directly from bank accounts, incurring a 1.5% bank fee alongside an additional 0.5% exchange markup, while holdings remain outside the Czech deposit-guarantee system.

Category

Bitcoin

Sentiment

Bullish

Event

Product partnership

Reading time

1 min