Santander’s Openbank Starts Offering Crypto Trading in Germany, Spain Coming Soon

Core Insights - Santander Group's digital banking arm, Openbank, has launched cryptocurrency trading for customers in Germany, with plans to expand to Spain soon [1][2] - The service allows users to buy, sell, and hold five cryptocurrencies: bitcoin (BTC), ether (ETH), litecoin (LTC), polygon (MATIC), and cardano (ADA), alongside traditional investment options [1] - The bank charges a transaction fee of 1.49% with a minimum fee of 1 euro ($1.2), and there are no custody fees involved [3] Group 1 - Openbank enables customers to trade cryptocurrencies without transferring funds to external platforms, consolidating investments under Santander's services [2] - The bank aims to meet customer demand by integrating major cryptocurrencies into its investment platform [2] - Future plans include adding more cryptocurrencies and features like crypto-to-crypto conversions [3] Group 2 - Santander Private Bank has previously allowed clients in Switzerland to trade BTC and ETH, utilizing custody technology from Taurus [4]