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Santander’s Openbank Launches Crypto Trading for German Clients
Yahoo Finance· 2025-09-16 15:14
Core Insights - Openbank has launched crypto trading services for its German customers, allowing them to buy, sell, and hold digital assets such as Bitcoin, Ethereum, Litecoin, Polygon, and Cardano, with plans to expand to Spain soon [1][2][4] Group 1: Service Expansion - The crypto trading service became effective in Germany on September 16, with plans for a rollout in Spain in the coming weeks [1][4] - Openbank aims to extend its crypto services to additional cryptocurrencies and may introduce functionalities like conversion between different cryptocurrencies [4] Group 2: Customer Benefits - Customers will no longer need to transfer funds to other platforms, benefiting from the backing of Santander and the protections offered by the EU's Markets in Crypto-Assets Regulation (MiCA) [3][4] Group 3: Market Demand - There is a significant increase in demand for digital asset services from institutional investors, prompting companies like Openbank to scale their offerings [6] - Other financial institutions, such as Mastercard and SoFi Technologies, are also responding to rising customer demand by launching or reintroducing crypto-related services [6][7]