Startup Coinpanion Taps Bankhaus Scheich to Open up European Market

Coinpanion, the crypto startup for easy entry into the world of crypto investments, and Frankfurt-based Bankhaus Scheich - together with its FinTech arm, tradias - are entering into an operational partnership.

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According to the release, Bankhaus Scheich/tradias will act as liquidity provider, order executor and IT provider for B2B2C crypto trading for Coinpanion. 

Alexander Valtingojer, CEO of Coinpanion, said of the cooperation:"With Bankhaus Scheich and its FinTech-arm tradias, we have a renowned partner and regulated financial service provider with direct access to the international capital market at our side. Connections to all major trading venues in the world as well as relevant expertise in order execution are exactly what is needed for Coinpanion's expansion into new markets."

Bankhaus Scheich is a top 3 specialist on the Frankfurt Stock Exchange (FWB) and offers, among other, a marketplace for digital assets to professional investors. Together with the FinTech-Service provider tradias – trading digital assets, the company aims to further expand the investment universe for digital assets and combine the traditional world of finance with the world of digital assets.

Nils von Schoenaich-Carolath, Managing Director Digital Assets at Bankhaus Scheich and project manager at tradias, said: "With Coinpanion, we welcome an innovative partner who, just like us, is focused on growth. Together, we want to open up the European region even more and offer investors the security of a regulated market environment in the investment and trading of cryptocurrencies. As Bankhaus Scheich and tradias, we want to make financial products directly and cost-effectively investable, more transparent and more liquid for everyone, thus contributing to the democratisation and liberalisation of the investment market."

Founded in 2019, in Vienna, the FinTech Coinpanion endeavours to provide an easy entry into the complex world of cryptocurrencies for everyone, even without prior knowledge. To accommodate this, the company provides its customers with a range of different crypto portfolios from various categories and risk classes. Coinpanion's customers are supported throughout the entire process: from simple market entry and ongoing optimization of crypto investments to automated tax reporting. The clients can choose from different smart portfolios, which revolve around innovative technologies such as NFTs, the Metaverse and cryptocurrencies. 

Source: Finextra