Santander's Openbank launches crypto trading for German customers

[Santander Bank]
Orbon Alija/iStock Unreleased via Getty Images

Banco Santander's (NYSE:SAN [https://seekingalpha.com/symbol/SAN]) digital bank Openbank on Tuesday rolled out crypto trading in Germany, giving retail customers access to Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]), Ether (ETH-USD [https://seekingalpha.com/symbol/ETH-USD]), Litecoin (LTC-USD [https://seekingalpha.com/symbol/LTC-USD]), Polygon (MATIC-USD [https://seekingalpha.com/symbol/MATIC-USD]) and Cardano (ADA-USD [https://seekingalpha.com/symbol/ADA-USD]).

Users will be able to trade the five digital tokens, and, over the coming months, Openbank will expand its portfolio of available cryptos and will introduce new functionalities such as conversion between different coins.

The new crypto offering, which allows customers to manage their portfolios without shifting money to external platforms, will be launched in Santander's (NYSE:SAN [https://seekingalpha.com/symbol/SAN]) home turf, Spain, in the coming weeks.

"By incorporating the main cryptocurrencies into our investment platform, we are responding to the demand of some of our customers and continue to strengthen a broad range of products and services through an agile, simple technology platform backed by one of the world’s leading financial groups," said [https://www.santander.com/en/press-room/press-releases/2025/09/openbank-launches-cryptocurrency-trading-service] Coty de Monteverde, head of Crypto at Grupo Santander.

Openbank is charging a 1.49% fee for buying and selling digital assets, with a minimum transaction cost of one euro and no extra fee for custody.

SAN shares slipped 0.8% in Tuesday morning trading in the U.S.

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