Share this article
Bitpanda Drafts Deutsche Bank to Process Fiat Transactions in Germany
This is Bitpanda's second major partnership in Germany this year after it was enlisted by LBBW to offer crypto custody services in the country.
Updated Jun 4, 2024, 8:08 a.m. Published Jun 4, 2024, 8:05 a.m.
- The partnership will allow Bitpanda to provide local IBANs for its users.
- The German bank will also provide support to incoming and outgoing transactions on Bitpanda.
Crypto broker Bitpanda has enlisted Deutsche Bank (DBK) to process fiat deposits and withdrawals for its users in Germany, according to an announcement on Tuesday.
Bitpanda users can now access German international bank account numbers (IBANs), effectively converting crypto to fiat and vice versa. Deutsche Bank will also provide support for incoming and outgoing transactions on Bitpanda.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Bringing the best parts of the industry together is where we can create real value for people ... From today, we can access a range of Deutsche Bank’s products, unlocking benefits for our team and our users," said Lukas Enzersdorfer-Konrad, Bitpanda's deputy CEO, in the statement.
In April, the Austrian crypto firm partnered with Germany’s largest state-backed lender, Landesbank Baden-Württemberg (LBBW), to offer crypto custody services in the country. The service will go live in the second half of this year.
Deutsche Bank is no stranger to crypto and tokenization. The German banking giant added crypto custody and tokenization to its repertoire last year through a collaboration with Taurus.
Taurus, which is also backed by Deutsche Bank, also offers tokenized SME loans through the lending platform Teylor.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
