Partners Banka Adds Bitcoin Trading to Its Czech Banking App
Customers can place trades starting at 500 koruna, with a 1 million koruna limit per trade. MP Developers s.r.o. handles trading and custody.
Partners Banka has added Bitcoin (BTC) trading to its mobile app, letting customers place orders through their existing bank account without opening a separate exchange account.
Customers can start with a 500-koruna transaction, about $23, and trade up to 1 million koruna per transaction. The bank charges a 1.5% brokerage fee and displays the cost before an order is confirmed.
MP Developers s.r.o. handles the trades and custody. Customers can use the app without managing a wallet themselves, but they do not hold the bitcoin in a wallet they control. Crypto holdings are not covered by the Czech deposit-guarantee system.
The August launch promotion focused specifically on Bitcoin.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.