Update
Sparkasse Bank Launches Crypto Services for Nearly 50M Customers
Germany’s Sparkasse Bank has begun rolling out cryptocurrency services within its banking app, targeting nearly 50 million customers. The phased implementation, which started on October 19, allows customers of participating banks to engage in crypto transactions involving Bitcoin, Ether, XRP, Solana, and Polygon’s POL. Execution and custody services are managed by DekaBank. The rollout is not yet nationwide, as each local Sparkasse must activate the service individually. This initiative excludes stablecoins and meme coins and restricts transfers to approved providers. The development marks a significant shift in crypto accessibility within Germany, positioning the Sparkasse network as a major retail-banking distribution channel for digital assets.