German banking giant Sparkassen to offer crypto trading to 50 million customers by 2026
Germany’s largest banking group, Sparkassen-Finanzgruppe, is preparing to offer crypto trading services to its retail clients by summer 2026, Bloomberg News reported on June 30.
The move represents a significant policy shift for Sparkassen, which had previously avoided crypto offerings due to concerns about volatility and risk.
According to the report, the bank’s board of directors voted in 2023 to hold back from digital asset services, calling cryptocurrencies “highly speculative.” Now, Sparkassen will allow private clients to trade leading tokens, including Bitcoin and Ethereum, directly from their accounts.
Sparkassen’s wholly owned subsidiary, Dekabank, will develop and manage the platform.
Dekabank secured a crypto…
