Openbank Launches In-App Crypto Trading in Germany under MiCA
Openbank has rolled out in-app crypto trading for German retail clients under the EU’s MiCA regulation. The service lets users buy, sell and hold Bitcoin (BTC) and four altcoins—Ethereum (ETH), Litecoin (LTC), Polygon (MATIC) and Cardano (ADA)—directly on Openbank’s investment platform, eliminating the need for third-party exchanges. Trades carry a 1.49% fee (min €1) and incur no custody charges. Crypto-to-crypto conversions will be available soon. Openbank plans to introduce the feature in Spain within weeks and extend it across the EU later this year, reinforcing Santander’s digital assets strategy amid competition from Deutsche Bank and BBVA.
Bullish
In the short term, Openbank’s in-app trading lowers barriers to entry for retail investors, likely boosting demand and transaction volumes for BTC, ETH, LTC, MATIC and ADA. Over the long term, regulatory compliance under MiCA and planned EU-wide rollouts could drive wider adoption and liquidity, exerting sustained upward pressure on prices. While the 1.49% fee and limited token list may moderate trading intensity, mainstream banking integration signals positive sentiment for digital assets.