Openbank joins the crypto boom and launches the buying and selling of bitcoins and other cryptocurrencies in Spain

Banks are rushing to offer cryptocurrency trading services in response to the boom in digital currencies, which now boast a market capitalization of over $3.5 trillion and have propelled Bitcoin above $100,000. The latest to join the trend is Openbank, which offers its clients the ability to buy, sell, and hold Bitcoin, Ether, Litecoin, Polygon, and Cardano, along with their other investments.

The bank becomes one of the first Spanish institutions to offer these products within the European regulatory framework. Openbank, the 100% digital bank of the Santander Group, expands its investment product offering with the launch in Spain of its new service for trading the main cryptocurrencies on the market.

Starting today, bank customers can buy, sell and hold bitcoin, Ether, Litecoin, Polygon and Cardano, all from the Openbank app or website , without needing to transfer money to other external platforms.

This service is being launched with all the guarantees of the European Markets in Crypto Assets Regulation (MiCA) , which strengthens investor protection and transparency in digital asset transactions. Furthermore, customers will have the backing and security of the Santander Group, making Openbank one of the first Spanish institutions to offer this type of service within the European regulatory framework.

Over the next few months, the bank will continue to expand the number of available cryptocurrencies and add new features, such as conversion between different crypto assets. The new service has a commission of 1.49% per transaction (with a minimum of one euro) and no custody fees.

This new service, recently launched in Germany, strengthens the offering that Openbank provides to its investors. Currently, it offers an automated robo-advisor investment service , a catalog of over 3,000 stocks, 3,000 funds from more than 123 asset managers, and over 2,000 ETFs. In addition, it features a brokerage platform that integrates AI tools , providing target prices for over 1,000 stocks in Europe and the US.

Banks are rushing to offer cryptocurrency trading services in response to the boom in digital currencies, which now boast a market capitalization of over $3.5 trillion and have propelled Bitcoin above $100,000. The latest to join the trend is Openbank, which offers its clients the ability to buy, sell, and hold Bitcoin, Ether, Litecoin, Polygon, and Cardano, along with their other investments.