Bitcoin and Co.: Savings banks start cryptocurrency trading step by step - with warning
The competition in cryptocurrency trading is increasing: now the savings banks also want to address private customers with their own offer. They are rolling out a new offer step by step. What's behind it?
The German Savings Banks Association (DSGV) has announced that its member banks will start offering cryptocurrency trading services through their existing mobile apps. The service, provided by Dekabank, will initially be available to customers of some participating banks, with 30-40 more banks to be added each month. The offering will include cryptocurrencies such as Bitcoin, Ethereum, Ripple, Solana, and Polygon, and customers will be able to buy, sell, and store them.
The DSGV emphasizes that the service is for customers who want to independently manage their cryptocurrencies, and that the banks will not provide investment advice or actively promote the service. The rollout will be staggered, with individual banks deciding when to start offering the service, and the DSGV aims to have a large part of interested banks on board by the first half of 2027.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
