Home Cryptocurrency News German Bank Comdirect Now Offers 11 Cryptocurrency ETPs in Savings Plan – Finance Bitcoin News

German Bank Comdirect Now Offers 11 Cryptocurrency ETPs in Savings Plan – Finance Bitcoin News

5 min read
Comments Off on German Bank Comdirect Now Offers 11 Cryptocurrency ETPs in Savings Plan – Finance Bitcoin News
16

German financial institution Comdirect, with about three million clients, is now providing 11 cryptocurrency exchange-traded merchandise (ETPs). “Comdirect has succeeded in considerably bridging crypto investments to retirement plans, one thing that our purchasers have longed for some time,” the financial institution stated.

German Financial institution Providing Crypto ETPs to Shoppers

German direct financial institution Comdirect AG is now providing 11 cryptocurrency exchange-traded merchandise (ETPs) from 21shares AG. The financial institution offers on-line brokerage, banking, and advisory companies in Germany.

Asserting that its unique partnership with Comdirect was efficient Tuesday, 21shares detailed:

On this revolutionary partnership, 21shares was retained as the only real supplier of physically-backed crypto ETPs to the web dealer’s financial savings plan program (Spar plan).

The 11 ETPs are at the moment listed in Germany and are actually accessible on the Comdirect platform at zero commissions, the announcement provides. The ETPs provide investments in bitcoin, ethereum, XRP, bitcoin money, polkadot, stellar, cardano, solana, and extra.

Hany Rashwan, CEO of 21shares, defined that his firm was “the primary crypto issuer to checklist a totally collateralized, 100% physically-backed bitcoin ETP on most German exchanges again in 2019.” As well as, it’s at the moment “the one issuer to confess 4 crypto ETPs on Xetra alone.” The corporate has additionally listed “the world’s first physically-backed crypto ETP on the SIX Swiss Alternate in 2018,” he stated, elaborating:

We’re very excited to supply German purchasers who want to add bitcoin and different crypto property to their financial savings plan a compelling possibility to take action because of Comdirect, an possibility that was not accessible for any crypto merchandise till now.

Comdirect’s product supervisor and crypto saving plan initiator, Rene Louis Delrieux, famous that by means of Comdirect, “buyers are actually in a position to make use of crypto ETPs by 21shares which inserts the wants of our demanding purchasers and ensures market participation. This extra service provides flexibility for instant use.” She opined:

Along with our accomplice 21shares, Comdirect has succeeded in considerably bridging crypto investments to retirement plans, one thing that our purchasers have longed for some time.

What do you consider Comdirect providing cryptocurrency ETPs in its financial savings plan? Tell us within the feedback part beneath.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any injury or loss brought on or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about on this article.




Source link

Comments are closed.

Check Also

Why Chainlink investors need to know this before rage-selling

Over the previous few months, the hype round a number of altcoins has taken a brand new co…