If your Volksbank or Raiffeisenbank has recently started offering crypto, it holds a BaFin authorisation for it. In most cases that authorisation covers exactly one service: the execution of your buy and sell orders. It does not cover the custody of your coins. Who holds the key to your holdings is not stated in your bank’s authorisation, and that is precisely the question you should settle before your first purchase.

The occasion is a shift in the European register that has become clear over recent weeks. Between August 12 and September 10, 2026, according to an analysis by the trade service The Industry Spread published on September 10, 16 new entries were added to the CASP register of the European securities regulator ESMA. Fourteen…