Global trading and investment platform, eToro, is joining forces with Tangany, a Munich-based fintech specializing in crypto custody solutions, to enhance their cryptocurrency services. The partnership is geared towards providing secure and transparent crypto asset custody services to eToro users based in Germany.
Commencing at the end of January 2024, Tangany, holding a BaFin license as a crypto custodian, will extend its white-label expertise to serve eToro’s clientele in Germany. This collaboration represents a significant achievement for both companies, utilizing Tangany’s internally developed technological foundations at its Munich headquarters.
An eToro spokesperson expressed excitement about the collaboration with Tangany, highlighting the fintech’s reputation as an esteemed and innovative local player. The partnership is strategically positioned to augment eToro’s existing offerings for German users.
Founded in 2019, Tangany has emerged as a leading provider of crypto custody services in Germany, offering white-label solutions to financial service providers. With a BaFin license and a commitment to technological innovation, Tangany believes it is well-equipped to contribute to the success of this collaboration.
eToro, established in 2007, functions as a multi-asset investment platform regulated across various global jurisdictions. The company recently attained recognition as a Crypto Asset Service Provider from the Cypriot regulatory authority, CySec.