Sparkassen, a group of savings banks operating in Germany since the first established in Hamburg in 1778, has decided to introduce cryptocurrency trading services for their customers, according to a Bloomberg report.
The group allows private clients to trade cryptocurrencies including Bitcoin
And ether, directly through their mobile bank apps via the group’s securities platform, decabank, with the facility expected to go live in summer 2026.
The news comes months after Dekabank introduced crypto trading and custody of institutional customers and represents the growing acceptance of digital assets in traditional banking systems.
The German Savings Bank Association (DSGV) Reportedly, the decision to enable Crypto-trade, with reference to the growing demand and the spread of legal frameworks under the so-called European micar regulation.
Earlier this year, Matthias Diesl, president of the Bavarian Savings Banks, said in a Bloomberg interview that savings banks should offer customers the opportunity to trade Cryptocurrencies and differs from a three-year-old committee recommendation that warns against enabling crypto-trade.
That said, despite being heated to the idea, DGSV still considers digital assets as very speculative investments, according to Bloomberg.
Read more: Boerse Stuttgart Partners with Dekabank to offer crypto trading for institutional clients
