South Africa's FNB Launches Crypto Trading Without External Withdrawals

South Africa's First National Bank has launched crypto trading, allowing customers to buy $BTC, $ETH, $XRP, $SOL and $USDT from as little as R10 through a partnership with VALR.
However, customers cannot withdraw the assets to personal wallets. TechCentral reports that crypto holdings are ringfenced within the FNB ecosystem.
The launch expands mainstream access to digital assets in South Africa while retaining a closed-platform custody model.