Germany’s largest banking group, Sparkassen-Finanzgruppe, is embracing cryptocurrency.

After years of dismissing it as too risky, the institution is set to allow nearly 50 million customers to buy and sell digital assets such as Bitcoin and Ethereum using their existing banking apps. No new apps or third-party wallets will be needed, just direct access through the platform they’ve always used.

The launch is anticipated by mid-2026 and is being developed by DekaBank, Sparkassen’s asset manager, which already possesses a crypto custody license under German law. This offers a level of legal protection that many crypto startups yearn for.

From Skeptic to Onboard

Not long ago, Sparkassen advised against engaging with cryptocurrencies due to perceived risks, including price volatility and rampant fraud. However, the landscape has shifted, prompted by the EU’s MiCA framework, providing banks with a solid operational structure. Competitors began making moves in the crypto sector, compelling Sparkassen to rethink its stance in response to customer inquiries about its speed of adaptation.

JUST IN🚨 Germany’s major banking group Sparkassen will launch crypto trading services in 2026.🏦🇩🇪 Tweet by Moby Media

Customer interest has surged, according to Matthias Dießl from the Bavarian branch of Sparkassen, indicating that remaining silent on crypto could be interpreted as falling behind.

How It Will Work

Instead of relying on external exchanges, Sparkassen will integrate the ability to buy and sell cryptocurrencies directly into its existing banking apps, eliminating the need for separate registrations or additional verification processes, enhancing accessibility for users.

This approach is pragmatic, with Sparkassen committing to a cautious rollout that will provide risk warnings instead of aggressive marketing—prioritizing security and control.

Everyone Else Is Doing It Too

Other European banks are similarly exploring cryptocurrency services, reflecting a growing shift within the banking sector. With the EU clarifying regulations, traditional institutions are entering the space as customer demand escalates.

Not Without Caution

Despite this move, Sparkassen remains vigilant. Regulatory bodies flagged numerous suspicious cryptocurrency transactions last year, underlining ongoing concerns about financial crimes related to digital assets.

Why This Move Matters

By allowing general users access to cryptocurrency through familiar banking channels, Sparkassen legitimizes digital assets while also pushing others to reconsider their positions. This move enables customers to engage with digital currencies without grappling with unfamiliar platforms, marking a critical development in the banking landscape.