FNB Launches Crypto Trading for Five Digital Assets

South Africa’s First National Bank (FNB) has introduced crypto trading to four of its investment products, allowing customers to trade five digital assets directly through the bank’s platform. The new service, called Crypto Investing, supports Bitcoin (BTC), Ether (ETH), XRP, Solana (SOL), and Tether’s USDT stablecoin. Customers can start trading with as little as R10 using funds from their FNB accounts.

The service is available through Share Saver, Share Builder, Share Investor, and Share Zero products. Trading operates 24 hours a day, but users cannot transfer assets into or out of the service or use their holdings on open blockchain networks. The offering is powered by South African crypto exchange VALR.

FNB plans to expand its crypto options and add educational materials in the future. The launch follows Discovery Bank’s 2025 integration with crypto platform Luno. South Africa had about 7.8 million registered crypto customers in 2025, up from roughly 6.6 million in 2024.

Sizwe Nxedlana, CEO of FNB and RMB Private Banking and Wealth Management, stated that the service will provide customers with access to curated crypto assets while leveraging the bank’s investment expertise.