Santander offers crypto trading in Germany

Banco Santander is now offering its customers the option to trade various cryptocurrencies, according to a press release.
The purchase, sale, and custody of Bitcoin, Ethereum, Litecoin, Polygon, and Cardano is now possible in Germany via the financial institution's digital branch, Openbank.
Switching to external platforms is not necessary, the statement states. Fees are 1.49 percent per purchase or sale, with a minimum fee of one euro; there are no custody fees.
The bank plans to further expand its crypto offerings in the coming months. Exactly which new coins and tokens will be added to the range remains unclear.
The bank is expected to roll out the feature to other European regions before then. Santander has named Spain as its next target. Local favorite BBVA had already launched a similar offering in the bank's home country in July.
Generally, Coty de Monteverde, Head of Crypto at Grupo Santander, commented on the move: “By integrating the most important cryptocurrencies into our investment platform, we are responding to the demand of a portion of our clientele and strengthening a broad range of products and services on an agile, simple technology platform, supported by one of the world's leading financial groups.”

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