German Savings Bank To Offer Bitcoin Trading: Report
The Sparkassen are centuries-old regional institutions with about 370 branches and 50 million customers.The market leaders among German financial institutions are reportedly working on a bitcoin trading feature, which could launch in 2022.The Sparkassen are centuries-old regional institutions with about 370 branches and 50 million customers.The offering would cut down intermediaries and enable Sparkasse customers to trade BTC from their checking accounts.Sparkasse, a German savings bank, is working to implement a bitcoin trading offering for its 50 million customers, according to a report....
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According to the plan, 50 million savings bank customers would be able to buy Bitcoin directly from checking accounts. German savings banks are reportedly planning to allow customers to invest in major digital currencies like Bitcoin (BTC) and Ether (ETH) directly from checking accounts.Savings banks in German-speaking countries, also known as Sparkassen, are working on a pilot to launch an in-house cryptocurrency wallet and exchange next year, local business magazine Capital reported Dec. 13.The pilot project is subject to approval by Sparkasse committees early next year, while the....
German bank Comdirect, with about three million customers, is now offering 11 cryptocurrency exchange-traded products (ETPs). “Comdirect has succeeded in significantly bridging crypto investments to retirement plans, something that our clients have longed for a while,” the bank said. German Bank Offering Crypto ETPs to Clients German direct bank Comdirect AG is now offering 11 cryptocurrency exchange-traded products (ETPs) from 21shares AG. The bank provides online brokerage, banking, and advisory services in Germany. Announcing that its exclusive partnership with Comdirect was....
“We are very excited to offer German clients who wish to add Bitcoin and other crypto assets to their savings plan a compelling option to do so thanks to comdirect,” said Hany Rashwan, CEO of 21Shares. Investment product issuer 21Shares has joined forces with comdirect, a leading online brokerage in Germany, to bring its cryptocurrency exchange-traded products, or ETPs, to savings accounts. The partnership means that comdirect’s nearly 3 million customers will be able to integrate physically-backed crypto ETPs into their Spar savings accounts. 21Shares claims this is the first such....
German private bank Hauck & Aufhäuser says it will launch a crypto investment fund in January next year, allowing institutional and semi-institutional investors to invest in digital assets including, bitcoin, ether, and stellar. ● According to a report on Fundview, the Frankfurt-based bank is partnering with local fintech company Kapilendo to establish the fund called ‘HAIC Digital Asset Fund I.’ Hauck & Aufhäuser will manage the fund while Kapilendo will act as the crypto asset depository. ● The minimum investment in the fund is 200,000 euros ($242,000),....
An association of savings banks in Germany is looking to offer crypto services to customers in a pilot test that would include the development of a crypto wallet. The association, which has more than 50 million customers, would be acting amidst a wave of cryptocurrency interest ostensibly sparked by inflation concerns and negative interest rates. However, the plan is still being studied and no official decision has been reached.
German Savings Banks Might Get Into Crypto
The largest association of banks in Germany is considering offering cryptocurrency-related services for their....