Openbank adds cryptocurrency trading for German customers | Digital Watch Observatory

Openbank, Banco Santander's digital banking division, has launched cryptocurrency trading services for German customers, offering access to major digital assets including Bitcoin, Ethereum, and Cardano.

The new service allows customers to buy, sell, and hold cryptocurrencies directly within their existing investment platform, eliminating the need for separate crypto exchanges. Protected under MiCA regulations and backed by Santander's reputation, the service charges competitive fees of 1.49% per trade with no custody costs. Plans include expanding to Spanish customers and adding features like direct asset conversion.

• Integrated crypto trading within existing Openbank investment platform
• Support for major cryptocurrencies including Bitcoin, Ethereum, Litecoin, Polygon, and Cardano
• MiCA regulatory protection with competitive 1.49% trading fees and no custody charges
• Expansion planned for Spain with additional features like direct asset conversion coming soon