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Germany’s majpr banking group, Sparkassen, is set to launch cryptocurrency trading services for private clients ending a long-standing ban and signaling a huge shift in its strategy. Clients will soon have the option to trade Bitcoin and other cryptocurrencies through DekaBank using the Sparkasse app. The German Savings Banks and Giro Association confirmed a secure and regulated framework is being developed with the rollout expected by summer 2026.
Volks- und Raiffeisenbanken is also preparing similar crypto services for its cooperative banking customers with plans to launch this summer. DekaBank which is owned by local savings banks will deliver the new crypto services enabling clients to make autonomous trading decisions and access the growing digital asset market more easily.
Three years ago the savings banks were advised against offering crypto services but rising client interest has shifted opinions. In April Matthias Dießl chairman of the Bavarian Savings Banks Association expressed support saying savings banks should provide crypto trading options. This move highlights a growing acceptance of cryptocurrency in Germany’s traditional banking system.
