Germany’s largest savings bank finance group, known as Sparkassen-Finanzgruppe, has announced plans to provide Bitcoin and other crypto trading services to individual customers. This move comes after years of hesitation about the risk and volatility of digital assets.
“Spamasen also needs to provide customers with the opportunity to exchange cryptocurrency,” said Matthias Diel, president of Spamasen, in an interview with Bloomberg, translated into English.
According to the German Savings Bank and the Giro Association (DSGV), Sparkassen will provide reliable access to regulated encryption through its mobile app, with technical support from Dekabank, the investment arm owned by the Savings Bank. The service will allow voluntary investors to trade cryptocurrencies and is expected to launch in the summer of 2026.
According to the report, Dekabank confirmed that the platform is currently under development and is expected to be available within the next year. The goal is to enable Sparkassen clients to engage in Bitcoin and crypto markets in a secure, regulated environment.
About three years ago, the Sparkassen committee advised private clients on providing Bitcoin and crypto transactions, pointing out concerns such as fraud, lack of investor protection and market volatility. However, the momentum of the market and increased customer interest in Bitcoin has driven change.
“Volks and Raiffeisenbanken are planning to launch a cryptographic product for individual customers in the coming days under the guidance of DZ Bank,” the document translated into English says.
Source: https://bitcoinmagazine.com/news/german-bank-sparkassen-finanzgruppe-plans-to-offer-bitcoin-for-private-customers
