New way to track crypto investments
Money Dashboard also links to crypto wallets such as Metamask and MyEtherWallet, and hardware wallets like Ledger and Trezor.
The deal means cryptocurrency investors can review their bank accounts alongside their crypto investments and wallets, all within the one application.
Money Dashboard lets users connect current accounts, credit cards, savings accounts, and investment accounts from different providers. Adding cryptocurrency exchanges to the mix means users can view all their accounts in one place to see an overview of their finances.
The platform uses machine learning techniques to categorise and analyse spending patterns, and provide tailored product and service suggestions for each user.
Steve Tigar, Money Dashboard CEO, said: “With more Brits than ever buying cryptocurrencies in the UK it made sense to bring cryptocurrencies and bank accounts under one roof. We’re excited to bring even more accounts to Money Dashboard. Our existing users have continuously asked for integrations with cryptocurrencies and our latest partnership with Coinbase and Zabo helps us deliver this need.”
Christopher Brown, Zabo CEO, said: “Everyday consumers have increasingly become interested in holding, investing in and using cryptocurrencies. We’re proud to partner with leading fintechs like Money Dashboard to make it easy for people to see cryptocurrencies as part of their broader financial picture.”
The move comes as research from financial comparison site Finder.com reveals that 19% of Brits have bought cryptocurrency at some point. This means almost 10 million people in the UK have now invested in at least one cryptocurrency since Bitcoin was created in 2008.
This is a rise of 558% from 2018, when only 3% of Brits (1.5 million people) said they owned cryptocurrency. Many invested for the first time in 2020 (25%) and a further 11% said they intended to buy cryptocurrency in future.