German Savings Bank to Open Cryptocurrency Trading Services to Private Clients

Odaily News The German Savings Bank Group (Sparkasse) has decided to open cryptocurrency trading services such as Bitcoin to private customers, breaking the institution's long-standing ban. The German Savings Bank and Transfer Association (DSGV) announced on Monday: "The Savings Bank Financial Group will establish a reliable channel to access regulated cryptocurrency services." In the future, independent decision-making customers can use the encryption services provided by its subsidiary DekaBank through the Savings Bank APP. A DekaBank spokesperson revealed that the relevant services are expected to be developed within a year, and customers may start cryptocurrency transactions in the summer of 2026. (Bloomberg)