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Spain’s Largest Bank Banco Santander Kicks Off Retail Crypto Trading in Germany, Spain to Follow
Yahoo Finance· 2025-09-17 08:47
Core Insights - Banco Santander has launched retail crypto trading through its online banking subsidiary, Openbank, marking a significant entry into the digital asset space for one of Europe's largest banks [1][6] - The service allows customers to trade a select list of cryptocurrencies directly from the Openbank app, with plans for expansion into Spain and the EU [2][3] Group 1: Service Launch and Features - The crypto trading service began on September 16 for Openbank users in Germany, enabling them to buy, sell, and hold cryptocurrencies like Bitcoin, Ethereum, Litecoin, Polygon, and Cardano [2][6] - The integration allows retail clients to manage crypto trades alongside traditional investments such as stocks and ETFs without relying on third-party exchanges [3][6] Group 2: Expansion Plans - Santander plans to extend the crypto trading service to Spain by the end of September, with a broader rollout across the EU scheduled shortly thereafter [3][6] - Openbank currently serves over 2 million clients across multiple countries, including Spain, Germany, Portugal, the Netherlands, the U.S., and Mexico [3] Group 3: Industry Context - Santander's move is part of a larger trend among European banks to adopt regulated crypto services, driven by the EU's Markets in Crypto-Assets (MiCA) legislation [4][5] - Other banks in Germany, such as DZ Bank and Sparkassen-Finanzgruppe, are also advancing their crypto offerings, indicating a growing acceptance of digital assets in the banking sector [7]
Valour Launches Eight New ETPs on Spotlight Stock Market, Including Bitcoin Cash (BCH), Unus Sed Leo (LEO), OKB (OKB), Polygon (POL), Algorand (ALGO), Filecoin (FIL), Arbitrum (ARB), and Stacks (STX)
Globenewswire· 2025-07-02 11:30
Core Insights - DeFi Technologies Inc. has launched eight new SEK-denominated exchange-traded products (ETPs) through its subsidiary Valour, expanding its offerings to over 75 ETPs and reinforcing its position in the digital asset market [1][2][9] Group 1: New ETP Listings - The newly listed ETPs include Valour Bitcoin Cash (BCH), Valour Unus Sed Leo (LEO), Valour OKB (OKB), Valour Polygon (POL), Valour Algorand (ALGO), Valour Filecoin (FIL), Valour Arbitrum (ARB), and Valour Stacks (STX) [9][10] - These ETPs provide regulated, exchange-traded access to leading blockchain protocols and infrastructure projects, catering to growing investor demand for diversified digital asset exposure [9][14] Group 2: Market Position and Goals - Valour aims to achieve 100 listed ETPs by the end of 2025, with the recent additions solidifying its leadership in the regulated digital asset investment space [14][15] - The company has surpassed 75 ETPs, delivering the broadest lineup of digital asset ETPs across major European exchanges, including Spotlight Stock Market, Börse Frankfurt, and Euronext [14][15] Group 3: Executive Commentary - Johanna Belitz, Head of Nordics at Valour, highlighted the strong demand in the Nordic market for transparent and regulated exposure to digital assets [13] - Elaine Buehler, Head of Product at Valour, emphasized the strategic curation of products that reflect the evolving architecture of Web3, aiming to provide compliant exposure to foundational infrastructure and high-utility ecosystem tokens [13]