Germany's largest financial group 'Sparkassen' to launch virtual asset trading service

Source
Son Min

Summary

  • It was reported that Sparkassen-Finanzgruppe plans to offer virtual asset trading services.
  • It was announced that these services would be managed by Dekabank.
  • It was reported that Sparkassen-Finanzgruppe has changed its stance after previously blocking virtual asset trading.

Sparkassen-Finanzgruppe, one of Germany's largest financial institutions, is reportedly planning to offer virtual asset (cryptocurrency) trading services.

According to Cointelegraph on the 1st (local time), Sparkassen-Finanzgruppe plans to provide virtual asset trading services to more than 50 million customers by next summer. It is known that these services will be managed by Dekabank, a bank owned by Sparkassen-Finanzgruppe.

Meanwhile, in 2015, the management of Sparkassen-Finanzgruppe had previously blocked customers from trading virtual assets.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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