TL;DRGermany’s cooperative and savings banks are rolling out crypto trading to tens of millions of retail customers. DZ Bank already has a MiCA-licensed platform, and DekaBank is building one for the savings bank network’s 50 million customers.
Germany’s cooperative banks and savings banks, the local institutions that handle mortgages, current accounts, and small business loans for tens of millions of customers, are rolling out their own cryptocurrency trading services. The move will bring digital asset trading to a population that could barely be persuaded to use credit cards a decade ago.
Some of Germany’s roughly 650 cooperative banks already offer a crypto platform developed by DZ Bank, the sector’s central institution. For the country’s approximately 340 savings banks, DekaBank is building a separate product scheduled to launch later this year.
Each local bank will decide individually whether to opt in, but early interest is strong across both networks.
From “incalculable risks” to retail product
