Doubts regarding crypto remain among German banks, but there is a growing concern about missing out on a potentially game-changing development.
For a long time, German banks largely neglected the cryptocurrency industry, considering it too speculative, too risky and too unregulated.
Foreign institutions, neobrokers, and crypto fintech companies such as Bitwala, Trade Republic, Bison App and Bitpanda were primarily responsible for providing services like trading and custody, business account management, tokenization, card issuing and ATMs.
Trading cryptocurrencies directly at a German bank branch is not possible. Not even the big online banks like Comdirect, Deutsche Kreditbank or ING allow their customers to trade cryptocurrencies directly via a broker. The only way for customers of these banks to invest in Bitcoin
BTC and other coins is through certificates replicating the cryptocurrencies.
Read More : German Banks Embrace Cryptocurrency at a Gradual Pace, Primarily for Institutional Investors