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The German banking giant Sparkassen-Finzgruppe plans to give more than 50 million customers access to encryption trading by the summer of 2026.
According to Bloomberg on June 30 a reportSPARKASSEN, which is called Dekabank, is already chosen to manage the new encryption service through the Sparkasse app.
The producer targets “self -specific” investors looking for direct access to digital assets.
Sparkassen-Finnzgruppe still sees encryption as very speculative
The bank’s executive officials previously excluded encryption services and expressed their concerns about encryption fluctuations and other associated risks. The bank also prevented its customers from buying Crypto again in 2015.
Although the last step indicates a possible change in the situation, the banking bloc has repeated that “its position is still clear, the encrypted currencies are very speculative investments.”
Sparkassen-Finnzgruppe added that there will be no advertisements for the new encryption trading service, and that customers will be informed of the risks, such as “the possibility of a total loss.”
German encryption banks start moving to Crypto after starting Mica Framework
Sparkasen said that the new encryption trading service is in response to the high demand, adding that the service is already covered under the organizational framework of the European Union for encryption, Mika, which came into effect in December.
🇩🇪 Breaking: Parkassen Group in Upper Germany in Germany to provide retail trading by 2026.
The banks are attached to the knees !!! pic.twitter.com/rrykogr1tl
– Kyle Chassé / DD🐸 (kyle_chase) June 30, 2025
Many other German banks enter the encryption space. Among them, DZ Bank, the second largest German financial institution. A partnership with Boerse Stuttgart Digital has been held to try the encryption service in September last year to offer detention and trading services in the vast networks of banks.
Likewise, in April 2024, the largest federal bank in Germany, Landesbank Baden-Würtmberg, announced in April 2024 that it will start providing encryption nursery solutions to institutional clients through a partnership with Crypto Exchang, based in Austria, Bitpanda.
This is after the CEO of Messari Eric Turner and Sygnum Bank Thomas Eichenberger at April 8th Paris Blond Banks He will pay encryption services in the second half of 2025, when the organizers adopt encryption.
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