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3 months ago
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Clients will be allowed to trade BTC and ETH via their mobile banking app.
Updated Jul 1, 2025, 7:11 a.m. Published Jul 1, 2025, 7:06 a.m.
Sparkassen, a group of savings banks operating across Germany since the first established in Hamburg in 1778, has decided to introduce cryptocurrency trading services for their customers, according to a report by Bloomberg.
The group will enable private clients to trade cryptocurrencies, including bitcoin
and ether
, directly through their mobile banking apps via the group's securities platform, DekaBank, with the facility expected to go live by summer 2026.
The news comes months after DekaBank introduced crypto trading and custody services for institutional clients and represents the growing acceptance of digital assets within traditional banking systems.
The German Savings Bank Association (DSGV) reportedly backed the decision to enable crypto trading, citing growing demand and the prevalence of legal framework under the so-called European MiCAR Regulation.
Earlier this year, Matthias Diessl, president of the Savings Banks in Bavaria, said in a Bloomberg interview that savings banks should offer customers the opportunity to trade cryptocurrencies, deviating from a three-year-old committee recommendation cautioning against enabling crypto trading.
That said, despite warming up to the idea, DGSV still considers digital assets as highly speculative investments, according to Bloomberg.
Read more: Boerse Stuttgart Partners With DekaBank to Offer Crypto Trading for Institutional Clients
Omkar Godbole
Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
