Germany's largest banking group, Sparkassen-Finanzgruppe, plans to introduce trading in $BTC and other cryptocurrencies for 50 million private clients by the summer of 2026. This move marks a policy shift, as in 2023 the bank deemed cryptocurrencies 'too speculative' due to their volatility and risks. According to Bloomberg, customers will be able to trade bitcoins and $ETH through the Sparkassen mobile app, supported by DekaBank, which has a license for cryptocurrency custody from BaFin.
The decision is driven by increasing customer demand and a clearer regulatory environment due to the MiCA rules in the EU. The president of Bavarian savings banks, Matthias Dissl, emphasized that customers are actively requesting such services. Despite this, Sparkassen maintains a cautious stance, warning of the possibility of total investment loss and not planning to actively promote crypto trading.
This step could accelerate the mass adoption of cryptocurrencies in Germany, positioning Sparkassen ahead of competitors like BNP Paribas. Bitcoin, trading around $107,500, shows bullish potential with growth forecasts up to $130,000.
Stay updated on crypto market news! Subscribe to #MiningUpdates to keep informed.
#bitcoin #cryptotrading #Sparkassen #blockchain #CryptoAdoption