The Austrian subsidiary of Raiffeisen Bank – Raiffeisenlandesbank Oberösterreich – is preparing to launch cryptocurrency trading in early 2024. The initiative is being developed in cooperation with local crypto firm Bitpanda and will offer all of the latter’s listed digital assets (more than 2,500).
The Kobeissi Letter stated that for the first time in several years this November, 12 cryptocurrencies’ capitalization on Platform X increased by $600 billion over the past year, representing a 75% increase. Bitcoin made a 120% increase in value over the same period. This increase in liquidity is considered an important indicator – it shows the recovery of cryptocurrencies from a crysis.