Sparkassen Crypto Trading Opens With a Cost and Custody Trade-Off

Sparkassen launches trading for BTC, ETH, XRP, SOL and POL. DekaBank charges €0.99 per order, excluding spreads. Crypto withdrawals are restricted to approved providers. German crypto tax rules still apply. Germany’s Sparkassen savings-bank network has begun offering cryptocurrency trading through its banking app, bringing five digital assets into a distribution system previously reluctant to serve retail crypto investors. The October 19 launch of Krypto – powered by Deka allows customers of participating institutions to buy and sell Bitcoin (BTC), Ether (ETH), XRP, Solana (SOL) and Polygon (POL). DekaBank, the Sparkassen group’s investment institution, provides the trading and custody infrastructure.

Source: ETHNews