Bloomberg reported that the German virtual asset market is facing a major turning point as German Cooperative Banks and Savings Banks are successively launching virtual asset trading services for individual customers. In this regard, Julian Schmeing, a partner at local financial consulting firm ZEB, commented, "As the two banking sectors, which have tens of millions of customers, enter the market, virtual asset trading is spreading to a wider public. Virtual assets are no longer niche assets." Bloomberg further explained, "Germany is a country with a strong financially conservative tendency and has long maintained a cautious attitude towards cryptocurrencies. However, some of Germany's approximately 650 cooperative banks currently support trading Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Cardano (ADA) through a platform developed by DZ Bank. Additionally, DekaBank's virtual asset trading service for approximately 340 savings banks is also scheduled to be launched this year and will be introduced in stages."
