DekaBank has introduced a cryptocurrency trading service
Date: 2025-02-27 Author: Oliver Abernathy Categories: BUSINESS
The German bank DekaBank has officially launched a cryptocurrency trading service, which has been in development for two years. In implementing the project, the bank relied on Ripple Custody's technological solutions. Regulatory approval for working with digital assets was received from the Federal Financial Supervisory Authority (BaFin) and the European Central Bank (ECB).
According to DekaBank Board Member Martin Müller, the new service is currently only available to legal entities. The question of providing the service to private clients remains open.
Since 2023, DekaBank has been cooperating with Metaco's Harmonize platform, providing the Sparkassen-Finanzgruppe with solutions for storing cryptocurrencies and digital securities.
