Openbank, the fully digital bank owned by Grupo Santander, has officially launched cryptocurrency trading services in Germany. Starting today, customers can seamlessly buy, sell, and hold digital assets like Bitcoin, Ethereum, Litecoin, Polygon, and Cardano — all within Openbank’s platform, without needing to move funds to external exchanges.
This launch makes Openbank one of the first traditional banking platforms in Europe to integrate a secure and user-friendly crypto trading feature directly into its digital investment ecosystem.
Low Fees and No Custody Charges Under MiCA Regulation
One of the key selling points of Openbank’s crypto service is its transparent and competitive fee structure. Users will be charged a flat 1.49% per trade, with a minimum of €1, and there are no custody fees for holding crypto within the platform. The service is also fully compliant with the EU’s MiCA (Markets in Crypto-Assets) regulation, offering a regulated environment for retail investors to explore the world of digital assets with confidence.
Openbank has emphasized that security and investor protection remain top priorities, ensuring that its crypto services meet the same high standards as its traditional financial offerings.
Expansion Plans: Crypto Coming Soon to Spain and Beyond
Openbank’s move into crypto trading in Germany is just the beginning. The bank plans to roll out these services in Spain within the coming weeks, followed by other European markets. In addition to expanding its list of supported cryptocurrencies, Openbank also aims to introduce crypto-to-crypto conversions and other advanced features that align with evolving customer needs.
This new crypto service complements Openbank’s existing suite of investment tools, which includes robo-advisors, thousands of mutual funds and ETFs, and AI-driven brokerage services. According to Coty de Monteverde, Head of Crypto at Grupo Santander, the launch is a direct response to growing demand for digital assets and a natural step in the bank’s mission to diversify and modernize its investment platform.
