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 mentioned.
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 gives on-line brokerage, banking, and advisory providers in Germany.
Saying that its unique partnership with Comdirect was efficient Tuesday, 21shares detailed:
On this progressive partnership, 21shares was retained as the only real supplier of physically-backed crypto ETPs to the net dealer’s financial savings plan program (Spar plan).
The 11 ETPs are at present 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 record a totally collateralized, 100% physically-backed bitcoin ETP on most German exchanges again in 2019.” As well as, it’s at present “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 Trade in 2018,” he mentioned, elaborating:
We’re very excited to supply German purchasers who want to add bitcoin and different crypto belongings to their financial savings plan a compelling choice to take action because of Comdirect, an choice that was not accessible for any crypto merchandise till now.
Comdirect’s product supervisor and crypto saving plan initiator, Rene Louis Delrieux, famous that via Comdirect, “traders are actually ready 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 fast 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.
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