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 shoppers have longed for some time,” the financial institution mentioned.
German Financial institution Providing Crypto ETPs to Purchasers
German direct financial institution Comdirect AG is now providing 11 cryptocurrency exchange-traded merchandise (ETPs) from 21shares AG. The financial institution supplies 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 supplier of physically-backed crypto ETPs to the net dealer’s financial savings plan program (Spar plan).
The 11 ETPs are at the moment listed in Germany and are actually out there on the Comdirect platform at zero commissions, the announcement provides. The ETPs supply 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 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 mentioned, elaborating:
We’re very excited to supply German shoppers 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 out there for any crypto merchandise till now.
Comdirect’s product supervisor and crypto saving plan initiator, Rene Louis Delrieux, famous that via Comdirect, “buyers are actually in a position to make use of crypto ETPs by 21shares which inserts the wants of our demanding shoppers and ensures market participation. This extra service provides flexibility for fast use.” She opined:
Along with our companion 21shares, Comdirect has succeeded in considerably bridging crypto investments to retirement plans, one thing that our shoppers have longed for some time.
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