German savings banks launched a crypto asset trading service on Monday, allowing the first participating institutional clients to buy and sell Bitcoin, Ether, XRP, Solana and Polygon directly through the existing official app. The service is supported by Dekabank, while crypto custody is handled jointly by Dekabank and the Stuttgart Stock Exchange. Each order carries a €0.99 fee, and users do not need to link a traditional securities account.
Individual savings banks will decide their own launch timing. The rollout is expected to bring in 30 to 40 savings banks per month, with a target of covering most interested institutions in the first half of 2027. Joachim Schmalzl, a member of the DSGV management team, said the product is aimed at clients who want to trade and hold crypto assets on their own. He added that savings banks will not provide investment advice and do not plan broad active marketing in the initial phase. The group also warned that cryptocurrencies are highly speculative assets and that clients could face total losses.
German savings banks launched a crypto asset trading service on Monday. The first participating institutional clients can buy and sell Bitcoin, Ether, XRP, Solana and Polygon directly through the existing official app.
Trading and custody structure
The service is supported by Dekabank. Crypto custody is handled jointly by Dekabank and the Stuttgart Stock Exchange. Each order is charged a €0.99 fee, and users do not need to link a traditional securities account.
Rollout timeline
Each savings bank will decide its own launch schedule. The plan calls for 30 to 40 savings banks to join each month, with a goal of covering most interested savings banks in the first half of 2027.
How DSGV describes the product
Joachim Schmalzl, a member of the DSGV management team, said the product is aimed at clients who want to trade and custody crypto assets on their own. Savings banks will not provide investment advice, and they do not plan broad active marketing in the initial stage.
Risk warning
German savings banks also said cryptocurrencies are highly speculative assets, prices can swing sharply, and clients may face the risk of losing their entire investment. Traditional securities investing, savings plans and financial advice remain their core business.
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