Openbank, Grupo Santander’s fully digital bank, has launched cryptocurrency trading for customers in Germany, with plans to expand the service to Spain in the coming weeks.
The platform now allows clients to buy, sell, and hold Bitcoin, Ether, Litecoin, Polygon, and Cardano directly alongside their existing investments. Transactions are conducted without the need to transfer funds to external platforms and operate under the European Union’s Markets in Crypto-Assets Regulation (MiCA), providing investor protection backed by Santander.
Crypto joins Openbank’s portfolio of stocks, funds, and ETFs
The crypto service comes with a 1.49% transaction fee (minimum €1) and no custody costs, with plans to add more digital assets and enable crypto-to-crypto conversions in the coming months.
The rollout plugs directly into Openbank’s push to bulk up its investment arsenal, which already spans a Robo Advisor, more than 3,000 stocks, 3,000 investment funds, 2,000 ETFs, and a new broker platform that dishes out target prices on over 1,000 European and U.S. equities.
With regulated crypto trading now on the menu, Openbank is staking its claim as one of the first European digital banks to fuse traditional assets with digital ones. The move doesn’t just broaden its reach — it raises the bar for rivals that may be forced to follow as MiCA’s rules reshape the market.
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