Germany’s group of savings banks is preparing to introduce crypto trading through its mobile app by June 2026.
Bloomberg reported on June 30 that Sparkassen-Finanzgruppe, which serves around 50 million people, has selected Dekabank to handle the backend work for the new feature.
According to the German Savings Banks Association (DSGV), the goal is to give users access to a regulated crypto service within the same app they already use for regular banking.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is a Crypto Mining Rig? Is it Worth it? (EASILY Explained)
In a statement, the DSGV warned that crypto remains a “highly speculative” area. There will be no advertising for the service, and customers will be informed about the risks, including the chance of losing their entire investment.
Sparkassen-Finanzgruppe includes more than 370 local banks and about 500 companies in total. Together, they manage assets worth over €2.5 trillion, or roughly $2.9 trillion.
The feature will be built into the Sparkassen-Finanzgruppe app, with Dekabank handling trades and custody behind the scenes. The design aims to make the process easy for users without changing the way they already interact with their bank.
Filipp Bolotov, the head of tech company ERA Labs, stated on X that the decision is important for wider crypto adoption.
Recently, Circle, the issuer of the USDC
$0.9986
stablecoin, filed an application to become a national trust bank. What does the company aim to achieve? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
