- Trading 212 expands into the German market by acquiring FXFlat Bank GmbH, offering zero-commission investing to German investors.
- Trading 212 introduces a multi-currency payment card in the UK with 5% APY and a 0.5% cashback reward.
Trading 212, a fintech company specializing in cash equities and CFDs, has announced its acquisition of FXFlat Bank GmbH as part of its expansion into the German market.
This strategic move allows German investors to access Trading 212’s zero-commission platform, challenging traditional brokerage models across Europe. The acquisition highlights the firm’s commitment to expanding its footprint and offering innovative financial services.
In addition, Trading 212 has launched a multi-currency payment card in partnership with Paynetics. The 212 Card offers UK users a 1.5% cashback, which will be reduced to 0.5% after September. The card also offers 5% APY daily and facilitates global transactions with low foreign exchange fees.
