Germans can now buy bitcoin, ether, solana products directly from their ING accounts
Summary
ING Deutschland, Germany's largest retail bank, has introduced a service enabling customers to buy crypto-backed exchange-traded products (ETPs) tracking Bitcoin, Ether, and Solana directly through their bank-linked securities accounts, known as the Direct Depot. These ETPs, issued by firms like 21Shares, Bitwise, and VanEck, mirror the coin movements and trade on legitimate exchanges, offering an easy on-ramp that integrates with existing banking structures without needing separate wallets or keys. Martijn Rozemuller, CEO of VanEck Europe, highlighted that this partnership provides low-threshold access for investors who prefer solutions within their established depot structures. Importantly, these crypto products in Germany receive the same favorable tax treatment as directly held crypto, meaning gains are tax-exempt if held for over a year.
(Source:CoinDesk)