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Peter Thiel-Backed Bank N26 To Launch Crypto Trading Tool

Mary Liu

Summary: N26, a Bank of Berlin worth $3.5 billion backed by Peter Thiel's Valar Ventures, plans to launch crypto trading tools as part of its new market plan, as reported by The Block. N26, which has raised 744 million euros (approximately $879 million) in equity investment, is one of Europe's largest new banks, Tencent and Singapore's sovereign wealth ...

N26, a Bank of Berlin worth $3.5 billion backed by Peter Thiel's Valar Ventures, plans to launch crypto trading tools as part of its new market plan, as reported by The Block.

N26, which has raised 744 million euros (approximately $879 million) in equity investment, is one of Europe's largest new banks, Tencent and Singapore's sovereign wealth fund GIC are also on its investor list.

A spokesperson for the company told The Block that it is working with "top cryptocurrency exchanges" to launch new products, but the names of the partners were not disclosed.

By Mary Liu

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