German Savings Bank opens up cryptocurrency trading services such as Bitcoin to private customers

BlockBeats news, on June 30th, according to Bloomberg, Sparkasse, a German savings bank group, has decided to open up cryptocurrency trading services such as Bitcoin to private clients, breaking the institution's long-standing ban. At the same time, the German cooperative banking system (Volks und Raiffeisenbank) has already started developing related services and plans to officially launch them this summer. The German Savings Bank and Remittance Association (DSGV) announced on Monday that "Savings Bank Financial Group will establish a reliable channel for accessing regulated cryptocurrency services." In the future, autonomous customers can use the cryptocurrency services provided by its subsidiary DekaBank through the Savings Bank app. This securities service company is jointly held by savings banks from various regions. A spokesperson for DekaBank revealed to Bloomberg that the related services are expected to be developed within a year, and clients may begin cryptocurrency trading in the summer of 2026. About three years ago, the internal committee of the savings banking system recommended not providing cryptocurrency trading services to customers. But recent signs indicate that interest in this field is heating up. Matthias Die ß l, President of the Bavarian Savings Bank Association, made it clear in an interview with Bloomberg in April that "our savings banks should also provide customers with cryptocurrency trading options