Germany’s Top Savings Bank to Offer Bitcoin to Clients

Commerzbank and DZ Bank Lead Germany’s Crypto Revolution with Bitcoin Services
2 mins read Bitcoin News
  • Sparkasse will enable clients to buy, sell, and hold Bitcoin.
  • Sparkasse is Germany’s largest savings bank with over 50 million clients.
  • At the time of writing, Bitcoin price is at $47,591.88.

Germany’s biggest savings bank Sparkasse is planning to enable its clients to buy, sell, and hold bitcoins. According to various media sources, the bank is already working toward the mentioned goal and will possibly launch the service in 2022.

This ongoing project of Sparkasse was previously confidential, although German publication Finance Forward revealed the details today. Earlier, the bank has been very cautious of cryptocurrencies and has been informing its customers of risks associated with this type of asset.

Many consider this news as an important development in the crypto space, especially since Sparkasse has been around in the banking sector for hundreds of years. In fact, it has around 370 branches with a total customer count of more than 50 million.

At the moment, Sparkasse has yet to reveal whether it will offer this feature across all of its branches in all cities in Germany.

Meanwhile, Bitcoin price is still needing additional boost for it to flip the $50,000 resistance into support. 

BTC/USD 1-day chart (source: TradingView)

Despite opening the day within the $50,000 price level, Bitcoin price is drifting further below the line. At the time of writing, Bitcoin price is at $47,591.88, according to CoinGecko.

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