Sparkassen Crypto Trading Launch Targets Millions of Germans

The network expects the service to attract customers who have avoided crypto exchanges, the person said. Many of the bank's clients are older, more conservative savers who trust their local Sparkasse branch. The rollout could also helpSparkassen retain customers who might otherwise shift funds to crypto-native platforms.

Operational challenges remain. Custody of digital assets and anti-money laundering compliance require significant investment, the person said. Customer education is another challenge. A sharp decline in crypto prices or a security breach at a partner custodian could slow adoption.

Other German banks have also explored digital asset services. The network's retail reach, however, dwarfs that of other German lenders. The person said a successful rollout could encourage other cooperative banks to launch similar services.

The initial rollout is expected in the coming months, the person said. No specific date has been set.