Germany's Sparkassen-Finanzgruppe announced plans to provide Bitcoin and crypto trading services to private customers, a significant shift after years of resistance due to volatility concerns. DekaBank will support the launch, which is anticipated to occur by summer 2026, allowing self-directed investors to trade securely within a regulated environment. This decision comes amidst increasing customer demand for crypto services, following previous recommendations against such offerings due to risks like fraud and market instability. The announcement aligns with similar moves by other banking groups in Germany towards crypto accessibility.
According to the report, DekaBank confirmed that the platform is currently under development and is expected to be made available within the next year.
We should offer customers the opportunity to trade cryptocurrencies at the Sparkassen as well, said Matthias Dießl, President of the Sparkassen, in an interview with Bloomberg.
Collection
[
|
...
]