Conio, a digital asset wallet owned by Italy’s postal service and Banca Generali, has partnered with Coinbase to bring a wide range of crypto services to the Italian banking space. With over 400,000 customers, Conio will collaborate with Coinbase Prime to offer liquidity to institutional players and support more than 50 tokens.
The partnership aims to introduce digital assets to Italian banks and financial institutions, providing them with access to a diverse array of cryptocurrencies. Conio’s state-of-the-art security standards and custody solutions are its key selling points.
Through this collaboration, Conio plans to support up to 50 cryptocurrencies by the end of the year and expand its custody solutions. Notable tokens that will be integrated into the platform include Ethereum, Polygon, and Avalanche.
Italian banks will benefit from the partnership by being able to offer crypto solutions with the assurance of world-leading liquidity from Coinbase, one of the largest exchanges globally. Coinbase processed $2.2 billion in trading volume in a single day and is ranked second only to Binance in combined metrics by CoinMarketCap.
Conio’s General Manager, Orlando Merone, expressed excitement about the partnership and the company’s goal to become a reliable partner for banks and financial institutions entering the world of digital assets. The collaboration will provide a fast and secure on-ramp for these entities.
Conio has also extended its partnership with Chainalysis, gaining access to blockchain analytics. It was selected as Italy’s only fintech representative in the Visa Innovation Program Europe 2023 and has been recognized by Gartner as the best blockchain wallet for three consecutive years.
Coinbase is equally enthusiastic about the partnership, with Daniel Seifert, VP for EMEA at the exchange, highlighting the shared values of trust, transparency, and security between the two companies. The collaboration is expected to benefit the entire industry.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇮🇹 |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | Orlando Merone, Daniel Seifert |
| Companies | Conio, Poste Italiane, Coinbase, Chainalysis, Banca Generali |
| Currencies | Ethereum, Polygon, Avalanche |
| Securities | None |
