Sparkassen-Finanzgruppe execs once ruled out adopting crypto over concerns of volatility and risk, and the banking giant also blocked customer crypto transactions back in 2015.
German banking giant Sparkassen-Finanzgruppe reportedly has plans to adopt crypto trading services, giving its more than 50 million customers access to crypto trading by the summer of 2026 in a major shift for the institution.
Dekabank, a bank already involved in crypto, has been tapped to manage the new crypto service through the Sparkasse app, Bloomberg reported on Monday. Dekabank is owned by Sparkassen, also known as the Savings Banks Financial Group.
“The Savings Banks Finance Group will provide reliable access to a regulated crypto offering,” the German Savings Banks Association (DSGV) said.
