Breaking: Italian Bank Banca Sella Offers Bitcoin Trading Service

A recent update showed that one of the oldest and leading Italian banks, Banco Sella is set to offer Bitcoin trading services to its customers. This move has fueled discussions in the market, especially amid the growing institutional adoption of crypto. Recently, a flurry of state pension funds and leading US banks like Morgan Stanley, and Goldman Sachs, among others, have revealed investments in Spot Bitcoin ETF.

Italian Bank Banca Sella Offers Bitcoin Trading Service

Bitcoin Sella, one of the oldest Italian banks, is offering Bitcoin trading services to its customers directly through its mobile banking platform, Hype. This service is currently in the beta testing phase and is only available to a specific group of premium members of Hype. However, it plans to extend the service to all its users in the coming days, marking a significant milestone in the bank’s digital evolution.

Meanwhile, the service will not require any external exchange for the transfers. In other words, it would enable users to buy and sell the crypto directly within the Hype platform. Notably, the integration of the service comes amid growing institutional interest in the crypto market. Besides, it also highlights the users’ interest in exploring alternative financial solutions like Bitcoin.

Moreover, Hype aims to allow its users to send portions of Bitcoin to contracts in their address book. Besides, it would also enable its customers to make purchases where crypto payments are accepted. Notably, Banca Sella promotes the BTC wallet as “totally free”, which requires only four steps to use.

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