Your Volksbank's Crypto Licence: Why You Have to Check Custody Separately

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.14 of the 16 newest CASP entries in the ESMA register were German cooperative banks, and each one carries order execution only. Our count of the BaFin database shows that not one of the 21 cooperative institutions is registered as a crypto custodian.If your Volksbank or Raiffeisenbank has recently started offering crypto, it holds a BaFin authorisation for it. In most cases that authorisation covers exactly one service: the execution of your buy and sell orders. It does not cover the custody of your coins. Who holds the key to your holdings is not stated in your bank's authorisation, and that is precisely the question you should settle before your first purchase. The occasion is a shift in the European register that has become clear over recent weeks. Between August 12 and September 10, 2026, according to an analysis by the trade service The Industry Spread published on September 10, 16 new entries were added to the CASP register of the European securities regulator ESMA. Fourte...