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German banking giant Sparkassen-Finanzgruppe plans to give its more than 50 million customers access to crypto trading by the summer of 2026.
According to a June 30 Bloomberg report, a bank already involved in crypto and owned by Sparkassen, called Dekabank, has been selected to manage the new crypto service through the Sparkasse app.
The product targets “self-determined” investors looking for direct access to digital assets.
Sparkassen-Finanzgruppe Still Sees Crypto As Highly Speculative
Executives at the bank had previously ruled out crypto-related services and expressed concerns regarding crypto’s volatility and other associated risks. The bank also blocked its customers from purchasing crypto back in 2015.
Although the recent move signals a potential change in stance, the banking conglomerate has reiterated that its “position remains clear, cryptocurrencies are highly speculative investments.”
Sparkassen-Finanzgruppe added that there will be no advertising for the new crypto trading service, and that customers will be informed about the risks, such as the “potential for total loss.”
German Crypto Banks Start Moving Into Crypto After MiCA Framework Comes Into Effect
Sparkassen said that the new crypto trading service is a response to an uptick in demand, adding that the service is already covered under the European Union’s regulatory framework for crypto, MiCA, which came into effect in December.
🇩🇪 BREAKING: GERMANY’S TOP BANK GROUP SPARKASSEN TO OFFER RETAIL CRYPTO TRADING BY 2026.
THE BANKS ARE CATCHING UP!!! pic.twitter.com/rrykogR1Tl
— Kyle Chassé / DD🐸 (@kyle_chasse) June 30, 2025
Several other German banks are also entering the crypto space. Among them is DZ Bank, the second largest German-based financial institution. It partnered with Boerse Stuttgart Digital for a crypto service pilot in September last year to roll out crypto custody and trading services for its vast network of banks.
Similarly, Germany’s largest federal bank, the Landesbank Baden-Württemberg, announced in April 2024 that it would start offering crypto custody solutions to institutional clients via a partnership with Austria-based crypto exchange, Bitpanda.
That’s after Messari CEO Eric Turner and Sygnum Bank’s Thomas Eichenberger predicted during a Paris Blockchain Week on April 8 that banks would push crypto services in the second half of 2025 as regulators embrace crypto.
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