Openbank, a digital-first bank owned by Grupo Santander, has officially launched cryptocurrency trading services for its German retail investors. The innovative service allows customers to seamlessly buy, sell, and hold major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Polygon, and Cardano directly through their existing investment accounts. With this move, Openbank eliminates the need for external crypto platforms, offering a fully integrated, secure, and regulated digital asset trading experience.
Crypto Trading Integrated Into Existing Accounts
German customers can now explore the crypto market without leaving the comfort of their current investment platform. Openbank’s approach ensures that cryptocurrencies are managed under the same robust security measures and compliance standards used for traditional investments such as stocks, ETFs, and funds. This streamlined integration appeals to retail investors who demand a user-friendly and regulated solution to access the crypto market.
The bank’s service includes a competitive 1.49% trading fee and offers crypto trades starting at just €1. Additionally, Openbank does not charge custody fees, making it an attractive option for cost-conscious investors.
An Expanding Cryptocurrency Portfolio
Currently, Openbank supports popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Polygon, and Cardano, with plans to include more digital assets in the coming months. In the near future, the bank also aims to introduce asset conversion features that will streamline trading between multiple cryptocurrencies, further minimizing reliance on third-party platforms.
Spain to Follow After Germany
While Germany is the first market to experience this integration, Openbank has confirmed that Spain is the next country in its rollout plan. The bank’s strategy involves launching new features in one market, gathering feedback to fine-tune the user experience, and then scaling to additional regions. Spanish investors can expect the latest in cryptocurrency trading functionality within the coming weeks.
This service expansion aligns with the growing interest among European investors for access to regulated crypto offerings. According to Coty de Monteverde, Grupo Santander’s head of crypto, the decision reflects the increasing demand from clients seeking secured exposure to cryptocurrencies as part of their diversified investment portfolios.
Regulated and Compliant Under MiCA
A key differentiator for Openbank’s crypto service is its full compliance with the European Markets in Crypto-Assets Regulation (MiCA). This guarantees investor protection and positions the service as a reliable alternative to non-regulated crypto exchanges. Customers benefit from the assurance that their digital assets are protected under the same framework as other traditional investments.
More Digital-First Innovations
Openbank’s cryptocurrency feature is part of its broader commitment to a fully digital, client-focused experience. Recently, the bank also introduced an AI-powered brokerage system capable of analyzing and delivering target prices for over 1,000 stocks. With a portfolio that already includes more than 3,000 stocks, 3,000 funds, and over 2,000 ETFs, the addition of cryptocurrency trading solidifies Openbank’s position as a comprehensive investment hub.
Looking for a Safe Start in Crypto?
If you’re interested in exploring cryptocurrency as part of a regulated investment platform, Openbank offers an excellent starting point. For those looking for tools to monitor their investments, consider adding the Ledger Nano X, a secure hardware wallet, to your financial arsenal. It complements the security of Openbank’s platform by giving you added control over your assets.
By integrating traditional and crypto investments within one seamless platform, Openbank emerges as a leader among digital-first banks in Europe, making it easier than ever for individuals to diversify their portfolios and embrace the future of finance.
