Full List of European Banks Opening Crypto Trading to Retail Clients

Core Insights - European retail banks are increasingly embracing crypto trading, a shift from their previous reluctance to engage with cryptocurrencies [1][7] - Major players in the European banking sector, including BBVA and Santander, are now offering crypto trading services to their customers [3][4][7] Group 1: Historical Context - Prior to 2017, only private European banks catered to wealthy clients with crypto services, but Swissquote opened retail participation in December 2017 [2] - Switzerland has been a leader in this space, with banks like Dukascopy and Sygnum joining the crypto market in the late 2010s [2] Group 2: Recent Developments - From 2020 onwards, more banks in Italy, Germany, and Estonia began to offer retail crypto trading, although initially limited to smaller banks and neobanks like Revolut and N26 [3] - BBVA launched trading and custody services for Bitcoin and Ether in July 2023, prompting other major banks to follow suit [3] Group 3: Major Players and Services - Santander launched crypto trading through its subsidiary Openbank, initially in Germany and expanding to Spain [4] - Deutsche Bank is partnering with Bitpanda to develop a digital assets custody service expected to launch next year [4] Group 4: Service Models - Retail banks can either build their own crypto exchange or utilize white label solutions from providers like AMINA and Sygnum [5][6] - Traditional crypto exchanges are also entering the white label market, with N26 and Raiffeisenlandesbank using Bitpanda's infrastructure [6]