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Argentina's Largest Private Bank Launches Crypto Trading Feature

Andrés Engler-Coindesk
2022-05-03 03:25
Banco Galicia, the largest Argentinian private bank by market value, has added the option to buy and sell cryptocurrencies on its platform, the company confirmed Monday.
  • In its investment section, the bank added a feature for users to acquire bitcoin (BTC), ether (ETH), USDC and XRP, telling its customers that it is a new tool. CoinDesk verified this by logging on to the platform.
  • It's the latest tie-up between financial incumbents and service providers looking to bring crypto to the masses – be it PayPal tapping Paxos or NYDIG working with U.S. credit unions.
  • Banco Galicia's service is operated in partnership with Lirium, a Liechtenstein-based crypto solution for digital wallets and mobile banking apps, CoinDesk confirmed.
  • When a user asked the bank on Twitter if the service was available, Banco Galicia said yes, and added that it was adding new investment options.
  • Banco Galicia belongs to Grupo Financiero Galicia, which is listed on the Buenos Aires stock exchange and on Nasdaq under the ticker GGAL.
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