Conio, the fintech partly owned by Poste Italiane and Banca Generali, is proud to announce that it has added Coinbase Prime as a liquidity provider, expanding the digital assets that Conio can offer.
Coinbase, an American, publicly-traded company (NASDAQ:COIN) is considered one of the worldwide leaders reference in the digital asset industry.
Conio, which has already gained the trust of over 400,000 private clients and banks and financial institutions due to its high security standards and custody technology, aims to further solidify its position in the Italian digital asset market. This includes support for up to 50 tokens on the Conio App by the end of 2023 and the launch of a project to extend its custody technology, already established for Bitcoin and Algorand, to EVM blockchains such as Ethereum, Polygon, and Avalanche.
This new agreement will enable a quicker and more secure channel for Italian banks and financial institutions to meet the growing demand for digital assets accessing Coinbase’s liquidity.
This new agreement comes at the end of a second half of the year filled with prestigious recognitions and partnerships for Conio. After expanding its collaboration with Chainalysis, it was selected for the Visa Innovation Program Europe 2023 as the sole crypto fintech representative for Italy. Subsequently, it was named for the third time as a Sample Vendor in the Blockchain Wallets category in the 2023 Gartner® Hype Cycle™ for Blockchain and Web3.
"We are truly proud to announce the start of a collaboration between Conio and Coinbase. Our goal is to become the most reliable partner for banks, financial institutions, and companies looking to enter the world of digital assets. Thanks to this new agreement, Conio will be able to provide them with a fast and secure on-ramp." comments Orlando Merone, General Manager of Conio.
“We are pleased to announce our collaboration with Conio to increase liquidity available to support Italian banks and financial institutions operating in the digital asset sector. This collaboration between two companies that share fundamental values of trust, transparency, and security will bring benefits to the entire industry” comments Daniel Seifert, Vice President and Regional Managing Director, EMEA, Coinbase.