German banking giant Sparkassen-Finanzgruppe reportedly plans to adopt cryptocurrency trading services, giving it a massive shift from the summer of 2026 to the summer of 2026, giving its more than 50 million customers access to cryptocurrency trading.
DeKabank, a bank already involved in cryptocurrencies, has been through the Sparkasse App, Bloomberg Report on Monday. DeKabank is owned by Sparkassen, also known as Savings Banks Financial Group.
“The Savings Bank Finance Group will provide reliable access to regulated crypto products,” said the German Association of Savings Banks (DSGV).
Added that crypto services are responding to demand and have covered EU regulation Encrypted framework, Micathis is effective in December.
Banks’ skepticism about cryptocurrency
Sparkassen executives have previously ruled out any crypto-related services on the grounds of volatility and risk issues; banking giants have also blocked cryptocurrency purchases Suitable for all customers in 2015.
Despite the direction changes, DSGV reportedly said that “its position remains clear that cryptocurrencies are highly speculative investments”, adding that the new service will be without ads and that customers will be informed of risks, including “potential losses of total losses.”
Sparkassen-Finanzgruppe includes over 50 million customers and 500 companies, including more than 370 savings banks, with total assets under management of more than 2.5 trillion euros ($2.9 trillion).
German banks infringe on cryptocurrency
Filipp Bolotov, Founder and CEO of Artificial Intelligence and Blockchain company It’s a laboratory, explain The glittering turn to cryptocurrencies was a “major move for mainstream adoption” on Monday.
Meanwhile, cryptocurrency capitalist and guru Ventures founder Kyle Chasse explain“The bank is catching up.”
Other German banks have begun to get involved in cryptocurrencies.
Germany’s second largest financial institution DZ Bank Work with Boerse Stuttgart Digital For the crypto service pilot in September 2024, it is planned to launch its 700 partner bank network after initial testing.
Related: Deutsche Bank builds L2 blockchain on Ethereum: Bloomberg
Germany’s largest federal bank, Landesbank Baden-Württemberg, announced in April last year Start providing encrypted custody solutions Institutional clients working with Austrian-based crypto exchange Bitpanda.
Crypto executives predict bank influx
Eric Trump, executive vice president of the Trump Organization, Inferred in an interview on April 30 If banks don’t accept cryptocurrencies, they will die out within 10 years, citing the financial system surrounding issues of speed and cost.
Meanwhile, during the Paris Blockchain Week on April 8, Messari CEO Eric Turner and Sygnum Bank’s Thomas Eichenberger Forecasting the banking industry As regulators embrace cryptocurrencies, including stablecoins and Bank crypto services.
Magazine: Crypto wants to overthrow the bank and is now in a fight at Stablecoin
