Santander has introduced that Openbank, its digital banking platform, will quickly allow cryptocurrency trading providers in the area of Spain.
Following this announcement, the service, which is already out there for customers and purchasers in the area of Germany, is ready to launch in the approaching weeks and permit prospects to make investments in cryptoassets ranging from simply EUR 1.
As well as, the preliminary rollout will assist 5 digital property: Bitcoin, Ether, Litecoin, Polygon, and Cardano, whereas transactions will carry a 1.49% price, with a minimal cost of EUR 1. For this course of, there will probably be no custody price, because the service will function beneath the European Union’s MiCA (Markets in Crypto-Belongings) regulation, which got here into full impact earlier this 12 months.
Extra data on Santander’s launch of crypto trading via Openbank in Spain
According to the officers of the corporate, the combination of crypto into Openbank’s funding platform is anticipated to present customers with the chance to handle each conventional and digital property inside a single, regulated banking atmosphere. On the identical time, Santander goals to meet rising buyer demand for safe and compliant entry to crypto investments by way of the usage of a well-known monetary establishment.
Moreover, the launch additionally comes as a number of European banks more and more transfer to combine digital property into their core choices and suite of options, following the implementation of MiCA. This integration offers a unified regulatory framework for cryptoasset providers throughout the area of the EU.
This information follows Openbank’s plans to develop its product providing by together with crypto trading providers in Germany. The announcement was made in September 2025, and the combination was set to permit German prospects to purchase, promote, and maintain digital property. The supported property included Bitcoin, Ethereum, Litecoin, Polygon, and Cardano. As well as, inside this integration, prospects not wanted to switch funds to one other platform, whereas being given the chance to benefit from the backing of Santander in addition to the ensures and investor safety supplied by the European Union’s Markets in Crypto-Belongings Regulation (MiCA).
