The digital banking arm of Spanish financial giant Santander Group, Openbank, opened cryptocurrency trading for customers in Germany, with plans to add its home market in the next few weeks.
The new service allows users to buy, sell and hold five popular cryptocurrencies: bitcoin (BTC), ether (ETH), litecoin (LTC), polygon (MATIC) and cardano (ADA), according to a press release. The cryptocurrencies are available alongside stocks, ETFs and investment funds.
Customers can trade without moving funds to an external platform, keeping 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 customers,” said Coty de Monteverde, head of crypto at Grupo Santand