Recently, Conio announced its partnership with the crypto exchange Coinbase, one of the leading global players in the field of digital assets.
This collaboration offers Italian banks and financial institutions a more efficient and secure channel to meet the growing demand for digital assets, with direct access to liquidity provided by Coinbase.
Through this initiative, Conio aims to further strengthen its leadership position in the Italian market for digital assets. Let’s see all the details below.
Summary
Coinbase Prime Exchange: a new level of liquidity on Conio
As anticipated, Conio, the fintech with the support of Poste Italiane and Banca Generali, recently announced the integration of Coinbase Prime as one of its liquidity providers, thus expanding its offering of digital assets.
Thus, Coinbase, listed on the stock exchange (NASDAQ:COIN) and recognized as one of the main global leaders in the digital asset sector, becomes part of Conio’s partnership network.
With already over 400,000 retail customers, banks, and financial institutions who trust in its high security standards and custody technology, Conio aims to further consolidate its prominent position in the Italian market for digital assets.
The company aims to support up to 50 tokens on the Conio App by the end of 2023 and to extend its proven custody technology, already implemented for Bitcoin and Algorand, to EVM blockchains such as Ethereum, Polygon, and Avalanche.
This new collaboration offers Italian banks and financial institutions a more efficient and secure channel to meet the growing demand for digital assets, accessing liquidity directly provided by Coinbase.
Successful partnership, records, and more for Conio
We underline that the agreement marks the conclusion of a second half of the year full of successes and partnerships for Conio.
In fact, after expanding the collaboration with Chainalysis and being selected in the Visa Innovation Program Europe 2023 as the sole representative of Italy in the cryptocurrency sector, Conio has been once again named a Sample Vendor in the Blockchain Wallets category in the Gartner® Hype Cycle™ for Blockchain and Web3 2023.
Orlando Merone, General Manager of Conio, commented as follows:
“We are extremely proud to announce this collaboration between Conio and Coinbase. Our goal is to become the most reliable partner for banks, financial institutions, and companies that want to explore the world of digital assets. Thanks to this new agreement, Conio can offer them a fast and secure access channel to this ever-evolving universe.”
So even Daniel Seifert, Vice President and Regional Managing Director EMEA of Coinbase, stated:
“We are excited to announce our collaboration with Conio to increase the liquidity available to Italian banks and financial institutions operating in the digital asset sector. This partnership between two companies that share the fundamental values of trust, transparency, and security will bring benefits to the entire industry.”
