Michaela
Banking and financial services company Banco Santander has announced that its digital bank, Openbank, is expanding into Germany with a new crypto-focused offering to meet growing European demand for digital assets.
Key points:
- Banco Santander’s digital bank Openbank has launched crypto trading in Germany, allowing customers to buy, sell, and hold major cryptocurrencies.
- The service will soon expand to Spanish clients, offering seamless integration with existing investments and protections under the EU’s MiCA framework.
- The move reflects a wider trend of European banks embracing digital assets, bringing regulated crypto access into mainstream banking and expanding opportunities for retail investors.
“Customers in Germany will be able to buy, sell and hold Bitcoin, Ether, Litecoin, Polygon and Cardano alongside their other investments,” Santander wrote in its official statement. The crypto service is now accessible to all Openbank customers in Germany, with plans to extend the offering to Spanish clients in the coming weeks.
Under this new initiative, Openbank customers can buy, sell, or hold Bitcoin, Ethereum, Litecoin, Polygon, and Cardano alongside their existing investments, all without transferring funds to another platform. Users also benefit from the safeguards and investor protections established under the European Markets in Crypto-Assets Regulation (MiCA).
Banco Santander, one of Europe’s leading financial institutions, operates a wide network of banking and investment services across multiple continents. Its digital subsidiary, Openbank, has emerged as a key player in online banking, providing customers with integrated financial solutions, including savings, investments, and now cryptocurrency trading.
The bank has prioritized digital transformation in recent years, aiming to enhance customer access to innovative financial products while maintaining regulatory compliance across its global operations.
The launch emphasizes a growing trend among major European banks embracing digital assets, driven in part by the European Union’s MiCA. By integrating crypto services into traditional banking platforms, institutions like Santander aim to attract a broader customer base while offering regulated, secure access to cryptocurrencies.
MiCA provides a clearer legal framework, ensuring investor protection and compliance across the EU, which has encouraged cautious but significant adoption by established financial players. This shift signals that crypto is moving from niche platforms into mainstream banking, potentially reshaping how Europeans invest, trade, and store digital assets.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
