German banks expand crypto trading to millions of retail customers
Cryptocurrency trading is set to become more accessible in Germany as cooperative and savings banks broaden digital‑asset services, enabling millions of retail customers to buy and sell cryptocurrencies directly through their local lenders, according to Bloomberg. The development marks a notable shift for Germany’s traditionally conservative banking sector, which had previously resisted offering crypto services to retail investors due to concerns over volatility and investor protection.
Cooperative banks have already begun rolling out crypto trading through a platform developed by DZ Bank, allowing customers to trade major digital assets such as Bitcoin, Ethereum, Litecoin and Cardano. DekaBank is preparing to launch a comparable platform for Germany’s savings banks later in 2026, with the rollout expected to occur in phases. Each local institution will decide independently whether to offer the service, but industry participants anticipate widespread adoption.
Representatives from DZ Bank indicated strong interest among member banks, with hundreds of banks expected to introduce crypto trading over time. Survey data cited in the report showed German consumers trust their primary bank more than twice as much as dedicated crypto‑trading platforms, suggesting a potential competitive advantage for banks entering the space.
Supporters argue that integrating digital assets into existing banking platforms could bring cryptocurrencies to a broader audience by leveraging the trust and familiarity customers have with their banks, and may help attract younger, technology‑focused customers. Critics, including academics and banking industry groups, warned that cryptocurrencies remain highly speculative investments that carry the risk of significant losses. Germany’s savings banks association emphasized that crypto trading is intended only for self‑directed investors who understand those risks.