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German Savings Bank Group to Offer Cryptocurrency Trading in 2026
Generated by AI AgentCoin World
Monday, Jun 30, 2025 9:30 am ET1min read
German Savings Bank Group (Sparkasse) has made a significant move by deciding to offer cryptocurrency trading services, including
, to its retail customers. This decision marks a departure from the institution's long-standing ban on such services. The German cooperative banking system, Volks- und Raiffeisenbanken, has also begun developing related services with plans to launch them officially this summer.The German Savings Bank and Giro Association (DSGV) announced that the Savings Bank Financial Group will establish a reliable channel for access to regulated cryptocurrency services. Customers will be able to use the cryptocurrency services provided by DekaBank, a subsidiary of the Savings Bank, through the Savings Bank app. DekaBank is jointly owned by various local savings banks and is expected to develop the related services within a year, with customers potentially starting cryptocurrency trading in the summer of 2026.
This shift in policy comes after an internal committee within the savings bank system recommended against providing cryptocurrency trading services to customers approximately three years ago. However, recent indications suggest a growing interest in this area. Matthias Dießl, the chairman of the Bavarian Savings Bank Association, emphasized in an April interview that savings banks should offer their customers the option of cryptocurrency trading, reflecting a changing attitude towards digital assets within the banking sector.
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