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Germany's Public Savings Bank Network Sparkassen to Offer Bitcoin Trading to Clients: Report

2025-07-01 08:10:31

Germany's Public Savings Bank Network Sparkassen to Offer Bitcoin Trading to Clients: Report

Main Idea

Germany's public savings bank network Sparkassen will offer Bitcoin and Ethereum trading to clients via their mobile banking app by summer 2026, facilitated by DekaBank and supported by the German Savings Bank Association (DSGV).

Key Points

1. Sparkassen, Germany's public savings bank network, will introduce Bitcoin (BTC) and Ethereum (ETH) trading for clients through their mobile banking app.

2. The service will be provided via DekaBank, the group's securities platform, and is expected to launch by summer 2026.

3. The German Savings Bank Association (DSGV) backed the decision, aligning with the European MiCAR Regulation framework.

4. Despite offering crypto trading, DSGV still considers digital assets highly speculative investments.

5. The move follows DekaBank's earlier introduction of crypto-related services and marks a shift from Sparkassen's previous stance three years ago.

Description

Sparkassen, a group of savings banks operating across Germany since the first established in Hamburg in 1778, has decided to introduce cryptocurrency trading services for their customers, according to a report by Bloomberg . The group will enable private clients to trade cryptocurrencies, including bitcoin (BTC) and ether (ETH), directly through their mobile banking apps via the group's securities platform, DekaBank, with the facility expected to go live by summer 2026. The news comes months aft...

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Markets Germany Bitcoin Ether Bank News
$BTC
$108606.1
--1.41%
$ETH
$2544.05
--3.03%

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