Lydia introduces stock and crypto trading to its payment app

Joined forces with Bitpanda

French peer-to-peer payment app, Lydia, has announced that it will allow it to introduce stock and crypto trading.

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The company has partnered with crypto exchange Bitpanda to introduce the new features, which will allow users to buy, hold and sell over 170 digital assets, including cryptocurrencies, commission-free fractional stocks, exchange-traded funds (ETF) and precious metals.

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“Six months ago, we set out with the audacious goal of entering the B2B market by opening up Bitpanda’s digital finance infrastructure to third parties. Now the time has come and we are pleased to announce that we’ve joined forces with the mobile financial services platform Lydia, a real superstar in France,” Bitpanda wrote in its blog post.

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Once the trading features launch, Lydia users can start investing in digital assets for as little as €1. A “White Label Solution” integration will allow Lydia accounts to have access to all the assets that are available on the exchange, and the fees will stay the same as all transactions will be through Bitpanda.

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