German savings banks launch crypto trading within their app, initially supporting five assets including BTC.

PANews October 20 news, according to the German Press Agency (dpa), German savings banks (Sparkassen) have begun gradually opening cryptocurrency trading in their mobile banking apps starting October 19, initially supporting five assets: BTC, ETH, XRP, SOL, and POL, with stablecoins and meme coins not yet supported. The service is executed by DekaBank, the securities institution under the savings banks' financial group, and custody is provided in partnership with the Stuttgart Stock Exchange, with a transaction fee of €0.99 per order. The German Savings Banks Association (DSGV) expects 30 to 40 savings banks to onboard each month, with about 230 currently expressing interest in participating, most of which will complete onboarding before the first half of 2027, potentially covering about 50 million customers.