ING Deutschland joined the crypto bandwagon on Monday, becoming the latest traditional banking group to let its customers buy crypto-linked products directly from their accounts.
Crypto Sceptic ING Now Offers Clients Access to VanEck's 11 Crypto Products
The bank will now allow its retail customers to buy crypto exchange-traded products (ETPs) offered by investment firm VanEck. ING customers can buy any of VanEck's 11 crypto ETPs – including products linked to Bitcoin, Ether, and Solana – through the bank's website, VanEck said in an announcement.
Taking a bite out of crypto exchanges
Customers who execute trades of over €1,000 or subscribe to an ETP savings plan will not have to pay any transaction fees. The move is indicative of ING's intention to lure customers away from crypto exchanges such as Binance and Coinbase.
The partnership shows how even crypto-skeptic banks like ING – which warns clients that “crypto has no intrinsic value” – are moving toward offering some form of crypto trading to their customer base as demand grows.
The ING-VanEck partnership comes several months after the German Savings Banks Association (DSGV) said it would start offering crypto trading on its mobile platform in 2026.
Deutsche Bank is also set to introduce crypto custody services through crypto exchange Bitpanda in 2026, while Landesbank Baden-Württemberg began offering its corporate clients access to crypto in 2024, also through a partnership with Bitpanda.