Santander's Digital Bank Openbank Launches Crypto Trading - Blockzeit

Santander Group's digital bank, Openbank, has launched cryptocurrency trading services for customers in Germany, marking a significant expansion into digital assets by a major European financial institution.

The new platform allows German customers to trade and hold five major cryptocurrencies—Bitcoin, Ethereum, Litecoin, Polygon, and Cardano—directly through their existing Openbank accounts. This integration eliminates the need for third-party crypto exchanges, offering seamless fund transfers and conversions within a single regulated platform. The service operates under European MiCA regulations, providing institutional-grade security and protection for digital asset transactions.

• Charges competitive fees of 1.49% per transaction with no custody fees for crypto holdings
• Plans to expand cryptocurrency support to additional digital assets and extend services to Spanish customers
• Integrates crypto trading with existing investment portfolio including 3,000 stocks, investment funds, and ETFs
• Leverages Santander's €125.77 billion market capitalization and regulatory compliance for enhanced customer security