DekaBank launched crypto trading on Oct. 19 for adult customers of participating Sparkassen savings banks in Germany. Customers can buy Bitcoin and four other cryptocurrencies through the Sparkasse app after opening a Deka crypto account. Deka's pricing sheet charges €0.99 per purchase or sale, plus a spread whose numerical rate is not disclosed. Deka holds the private keys and permits outbound transfers only to specified providers, excluding direct transfers to customers' self-custody wallets. Deka warns that customers could lose their entire investment and that statutory bank-deposit protection does not cover crypto holdings.
