Openbank launches cryptocurrency trading service in Germany

Openbank, the fully digital bank owned by Grupo Santander, has launched a cryptocurrency trading service for its customers in Germany. The service allows users to buy, sell, and hold Bitcoin, Ethereum, Litecoin, Polygon, and Cardano, integrating these transactions with other investments without the need to transfer funds to external platforms.

The offering is supported by Santander and benefits from the European MiCA regulations for crypto markets, ensuring investor protection. The service will be expanded to customers in Spain in the coming weeks.

Openbank plans to add more cryptocurrencies and features in the near future, including asset conversion between digital tokens. Transaction fees are 1.49% for purchases and sales, with a minimum of €1 per operation and no custody fees.

This initiative complements Openbank’s existing investment products, which include automated investment services (Robo Advisor), over 3,000 stocks and funds, more than 2,000 ETFs, and a brokerage platform equipped with AI tools providing target prices for European and U.S. stocks.