Hassan Maishera
TL;DR
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Banking giant Sparkassen-Finanzgruppe is adding cryptocurrency trading to its services.
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Bloomberg reported that the bank previously avoided cryptocurrencies due to concerns over volatility and risks.
Sparkassen-Finanzgruppe Adds Crypto Sevices; Bloomberg
Bloomberg reported on Monday that Germany's largest banking group, Sparkassen, is adding cryptocurrency trading services for retail client accounts. This latest development comes three years after the bank decided against entering the crypto market due to concerns over volatility and risk.
The bank has now allowed private clients to trade various digital currencies, including Bitcoin and Ether. The service will become available to clients by the summer of 2026.
This latest development doesn’t come as a surprise, as Dekabank, a wholly owned Sparkassen entity already involved in the crypto trade. Dekabank is set to manage Sparkassen’s crypto services.
Sparkassen’s entry into the crypto market comes months after the Markets in Crypto-Assets Regulations (MiCA) came into effect. The regulation provides a unified legal framework for crypto businesses in the EU region.
