ImportantGerman Sparkassen Launch Crypto Trading Within Mobile App, Initially Supporting 5 Assets Including BTC
German Sparkassen have sequentially opened cryptocurrency trading services in their mobile banking apps starting October 19. The first batch of supported assets includes BTC, ETH, XRP, SOL and POL, with stablecoins and meme coins not supported for the time being. This service is executed by DekaBank, the securities institution under the Sparkassen financial group, with custody provided in partnership with the Stuttgart Stock Exchange, charging a 0.99 euro transaction fee per order. The German Savings Banks Association (DSGV) projects that 30 to 40 savings banks will integrate the service each month. Approximately 230 institutions have already expressed intent to participate, with the majority completing integration by the first half of 2027, potentially covering around 50 million customers.
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