Raiffeisen Bank International to Roll Out Bitcoin Services Across Europe in Expanded Bitpanda Deal

Austrian banking group Raiffeisen is rolling out bitcoin trading for its 18 million customers.

The firm said in a Wednesday statement that it was working with brokerage Bitpanda as part of the initiative. 

Raiffeisen’s announcement comes as top banks worldwide launch crypto trading and custody services. BBVA, Santander’s Openbank, Germany’s cooperative and savings banks, SoFi, PNC, Charles Schwab and Morgan Stanley have all either launched or announced retail crypto trading over the past 18 months.

RBI chief executive Michael Höllerer pointed to customer demand as the driving force. “We are seeing growing demand for crypto assets in our markets, which we are addressing with a strong, reputable partner,” he said, adding that the bank is committed to “meeting our customers’ needs in the best possible way.”

The deal builds on an arrangement that began in Austria. In 2024, Raiffeisen Landesbank Niederösterreich-Wien (RLB NÖ-Wien) became the first traditional bank in the European Union to offer crypto trading within its existing banking environment, using Bitpanda’s technology. 

The new agreement moves away from striking separate integrations market by market and instead sets up a single approach for the whole group.