The digital banking arm of the Spanish financial giant Santander Group, OpenBank, opened the cryptocurrency trade for customers in Germany, with plans to add its local market in the coming weeks.
The new service allows users to buy, sell and maintain five popular cryptocurrencies: Bitcoin (BTC), Ethher (ETH), Litecoin (LTC), Polygon (Matic) and Cardano (ADA), according to a press release. Cryptocurrencies are available together with ETF shares, and investment funds.
Customers can trade without transferring funds to an external platform, maintaining all investments in one place under Santander’s umbrella, the bank said.
“By incorporating the main cryptocurrencies into our investment platform, we are responding to the demand of some of our clients,” said Coty de Monteverde, chief of Crypt of Grupo Santander.
The bank charges a rate of 1.49% per transaction, with a minimum of 1 euro ($ 1.2), and does not include custody rates. The bank said it plans to add more cryptocurrencies and new features, such as cryptography conversions to Cristto, in the coming months.
Santander Private Bank returned in 2023 in the headlines when he began to let customers with accounts in Switzerland are marketed BTC and ETH. He selected the Taurus cryptographic caguematics technology firm for custody.
