Sparkassen, Germany’s largest banking group, launches Bitcoi…
Atlas21 (Newsroom)The German banking giant will integrate digital assets by 2026, marking a clear shift from its previous stance.
According to Bloomberg, Sparkassen-Finanzgruppe, one of Germany’s leading banking groups, has announced plans to introduce Bitcoin and cryptocurrency trading services for its more than 50 million customers by the summer of 2026.
Until recently, Sparkassen executives had categorically ruled out any involvement in the digital asset sector, citing concerns over volatility and associated risks. In 2015, the bank went as far as to completely block cryptocurrency-related transactions for all its account holders.
Today, however, the approach has changed. The group has tasked Dekabank — already active in the crypto sector and owned by Sparkassen — with managing the new Bitcoin trading service via the Sparkasse mobile app.
Sparkassen-Finanzgruppe isn’t the only German bank moving toward digital assets. The group includes over 500 companies, among them more than 370 savings banks, with total assets under management exceeding €2.5 trillion.
DZ Bank, Germany’s second-largest financial institution, launched a partnership with Boerse Stuttgart Digital in September 2024 for a pilot service. The aim is to expand trading and custody services to its network of 700 cooperative banks after the initial test phase.
Meanwhile, Landesbank Baden-Württemberg, Germany’s largest federal bank, announced in April last year the launch of crypto custody solutions for institutional clients, in collaboration with Bitpanda.
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