Founded in 1778, the German Savings Banks Association Sparkasse plans to launch a crypto trading service. There are 370 savings banks under the umbrella of Sparkasse. Giant savings bank Sparkasse has more than 50 million clients and the assets under their management have an approximate value of €1.4 trillion (approximately $1.6 trillion).
Germany's largest savings bank Sparkasse plans to launch crypto services in 2022, Capital and Financefwd reported. Sparkasse will enable more than 50 million customers to trade with cryptocurrencies, especially Bitcoin, Ethereum. It will allow the buying, selling and hold of cryptocurrency.
It means 50 million people can enter the crypto market when Sparkasse launches its crypto service. In addition, the savings bank is currently working on a crypto wallet and will offer a crypto wallet application to its customers in the future. 2021 has been a very important year for the acceptance and adoption of cryptocurrencies, it looks like there will be a significant increase in 2022.
Interest in crypto markets is increasing day by day and many investors are planning to invest in cryptocurrencies. Giant banks, seeing this potential and demand, continue to make plans and studies on how to enter the crypto market. Some giant banks have already dived deep into the crypto market.
When we evaluate the year 2021 in general, it has been quite good in terms of crypto markets. There has been great participation in the crypto market, both institutionally and individually. It seems that in 2022, the participation of institutional and individual investors in the crypto market will continue exponentially.
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That’s really great news! Mass adoption on it’s way, even in Germany. 🤷🏼♂️😋
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