German Banking Giant Sparkassen-Finanzgruppe To Offer Crypto Trading To Over 50M Customers By 2026
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 ...