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Ahead its 5th birthday, Trade Republic has obtained a full banking license from the European Central Bank (ECB). The additional license allows Europe's largest savings platform to further expand its product offering around investing and saving. Along with this, Trade Republic expands its corporate governance by forming an experienced audit committee.
"The full banking license opens up a new chapter for Trade Republic", says Christian Hecker, Co-Founder of Trade Republic. "Most of our customers are still in the early stages of their financial journey. The full banking license empowers us to support them over the next decades. Together with our customers, we strive to grow further and build one of the leading financial institutions in Europe."
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