South Africa's second-largest bank FNB launches crypto trading service via partnership with exchange VALR.
DeFi & Yields ·
First National Bank, part of South Africa's second-largest banking group, has rolled out cryptocurrency trading capabilities for its customer base through a new partnership with VALR, a licensed local exchange. The offering integrates into FNB's existing equities platform and covers five assets: Bitcoin, Ethereum, Ripple, Solana, and Tether.
The service operates continuously and accepts trades starting at R10, positioning it for retail participation. FNB attributed the launch to uptick in customer interest around digital assets and signaled plans to expand the range of cryptocurrencies available through the platform.
The partnership represents a major institutional entry point into crypto for South African retail investors, though neither the timeline for additional asset listings nor specific details on custody, fee structure, or regulatory oversight have been disclosed in available reports.