DekaBank launches Bitcoin trading for Sparkassen customers

DekaBank launched crypto trading on Oct. 19, allowing adult customers of participating Sparkassen banks to buy Bitcoin via the Sparkasse app after opening a Deka crypto account. The service, named 'Krypto -- powered by Deka,' also includes Ethereum, Solana, XRP, and Polygon's POL. Customers must have a current account at a participating Sparkasse and can open the crypto account through the app's 'Anlegen' section. As of Oct. 20, participating banks include Frankfurter Sparkasse, Sparkasse Rottal-Inn, Niederrheinische Sparkasse RheinLippe, Taunus Sparkasse, and Sparkasse Karlsruhe. Each bank independently decides on offering the service, with a staged rollout planned over the coming months. Deka's pricing includes a €0.99 fee per transaction, with no minimum order size and a maximum of €250,000 per transaction. The trading quote includes a spread added to the market price, but the exact spread rate is not disclosed. Deka holds customers' crypto in a shared wallet and allows outbound delivery only to specified crypto-asset service providers, with a minimum delivery threshold of 0.0001 BTC. Deka warns of potential total loss and states that crypto holdings are not covered by statutory bank-deposit protection.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.