Sparkasse Savings Banks Open Crypto Trading in Germany Alongside Usual Banking

German savings banks are adding crypto trading to their apps through DekaBank, the Sparkassen group’s securities house, for more than 40 million customers. Customers can buy and sell Bitcoin, Ethereum, XRP, Solana and Polygon from within the banking app, while DekaBank holds the assets centrally in a jointly managed omnibus wallet and sets a guaranteed price for a limited time. Five savings banks are participating so far, and more than 230 have expressed interest. The service is aimed at self-directed investors and provides no advice; crypto assets are not covered by statutory deposit insurance and can lose all their value.