The digital bank arm of Spanish economic giant Santander Group, Openbank, opened Cryptocurrency for customers in Germany with plans to add its domestic market for the next few weeks.
The new service allows users to buy, sell and hold five popular cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Polygon (Matic) and Cardano (ADA), according to a press release. Cryptocurrencies are available along with shares, ETFs and investment funds.
Customers can shop without moving funds to an external platform and keeping all investments in a place under Santander’s umbrella, the bank said.
“By incorporating the most important cryptocurrencies into our investment platform, we respond to the demand of some of our customers,” said Coty de Monteverde, head of Crypto at Grupo Santander.
The bank charges a fee of 1.49% per Transaction with a minimum of 1 euro ($ 1.2) and does not include custody fees. The bank said it is planning to add more cryptocurrencies and new features, such as crypto-to-crrypto conversions, in the coming months.
Santander Private Bank was back in 2023 with headlines when it began to let clients with accounts in Switzerland Trade BTC and ETH. The chosen crypto -storage technology company Taurus for custody.
