German Savings Bank Opens Bitcoin and Cryptocurrency Trading Services for Private Clients

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MarsBit News – June 30
According to Bloomberg, Germany’s savings bank group Sparkasse has decided to offer Bitcoin and cryptocurrency trading services to private clients, marking a significant policy reversal. This development coincides with Germany’s cooperative banking system (Volks- und Raiffeisenbanken), which has been preparing a similar service slated for launch this summer.

Key Developments:

  1. Regulated Access: The German Savings Banks and Giro Association (DSGV) announced plans to establish a "reliable gateway" to regulated crypto services.
  2. App-Based Trading: Clients will soon access crypto trading via their Sparkasse mobile app, powered by DekaBank—a securities firm jointly owned by regional savings banks.
  3. Timeline: A DekaBank spokesperson confirmed services are under development, with trading expected to go live by summer 2026.

Background Shift

Three years ago, Sparkasse’s internal committee advised against offering crypto trading. However, growing client interest prompted a rethink. As Matthias Dießl, President of the Bavarian Savings Banks Association, noted in April:

"Savings banks must provide cryptocurrency trading options to meet customer demand."

FAQs

Q: When will Sparkasse’s crypto services launch?
A: DekaBank estimates a 2026 rollout, pending regulatory approvals.

Q: Which cryptocurrencies will be supported?
A: While specifics are unconfirmed, Bitcoin and major regulated tokens are likely.

Q: Are there fees for trading?
A: Fee structures remain undisclosed but will align with traditional securities trading.

👉 Explore secure crypto trading platforms


Disclaimer: This content is for informational purposes only and does not constitute financial advice. Comply with local regulations before investing.


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