Openbank Unveils Crypto Trading for German Customers

Openbank has launched a digital asset service for its German customers, allowing them to buy, sell, and hold cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Polygon, and Cardano. This service became available in Germany on September 16, with plans to expand to Spain soon.

Openbank is a subsidiary of Grupo Santander.
The service is backed by Santander and complies with the EU’s MiCA regulations.
The expansion will include more cryptocurrencies and features like crypto-to-crypto conversion.
Grupo Santander's Head of Crypto noted that the launch responds to rising customer demand.

Openbank aims to enhance its offerings through a robust tech platform supported by a leading financial group. The move comes amid increased interest from institutional investors in digital assets, prompting companies like Mastercard and SoFi Technologies to re-enter or expand their crypto services.