Update
DekaBank Launches Crypto Trading at German Savings Banks
DekaBank, the securities provider for Germany's Sparkassen savings banks, has launched crypto trading on its app. The service, called 'Krypto – powered by Deka', allows customers to buy Bitcoin and other cryptocurrencies like Ethereum, Solana, XRP, and Polygon's POL. Customers need a current account at a participating Sparkasse and open a Deka crypto account through the app's 'Anlegen' section. The service is available in five German savings banks: Frankfurter Sparkasse, Sparkasse Rottal-Inn, Niederrheinische Sparkasse RheinLippe, Taunus Sparkasse, and Sparkasse Karlsruhe. DekaBank charges a €0.99 order fee plus a spread, with no minimum order size and a €250,000 maximum per transaction. The service uses a shared, or omnibus, wallet and only allows outbound delivery to approved crypto asset service providers (CASPs).