Sparkassen to Introduce Cryptocurrency Trading via Mobile App by Summer 2026
Sparkassen-Finanzgruppe plans to introduce cryptocurrency trading through its mobile banking app by summer 2026, serving over 50 million clients. This marks a shift from its previous stance against crypto assets due to volatility concerns.
Key points include:
- Collaboration with DekaBank, which has experience in crypto services for institutional clients.
- Service aligns with the EU's Markets in Crypto-Assets Regulation (MiCAR), promoting a unified regulatory approach.
- Focus on self-directed investors; no investment advice or branch support will be provided.
- Cautionary warnings about high volatility and risks associated with cryptocurrencies will be issued to users.
- Effort to stay competitive against fintech firms like Trade Republic.
This initiative positions Sparkassen ahead of other traditional banks in Europe, indicating growing acceptance of digital assets in the banking sector.