crypto move from a 2.5 trillion euro banking group

The Sparkassen-Finanzgruppe, which has a total asset amount of approximately 2.5 trillion euros and includes hundreds of institutions ranging from insurance companies to banks, IT service providers to energy companies, is taking a step back on cryptocurrencies. The group will now start offering cryptocurrency services to its individual customers, which it previously opposed.

According to a report by Bloomberg from the US media, the group had decided not to offer such services about three years ago due to concerns over volatility and risk. With the new decision, Sparkassen customers will be able to trade with many cryptocurrencies, including Bitcoin and Ether. The service is expected to be launched in the summer of 2026.

The management of crypto services will also be undertaken by Dekabank, one of the subsidiaries of Sparkassen, which is currently active in the crypto market.

It is noteworthy that Sparkassen's decision to integrate into the crypto world comes one year after the MiCA regulation comes into effect and coincides with many crypto exchanges starting to obtain licenses in the EU region.

Published: July 1, 2025 11:31Last Update: July 1, 2025 11:47