Wednesday, July 28, 2021
Home21Shares Announces Collaboration with comdirect for Savings Plan

21Shares Announces Collaboration with comdirect for Savings Plan

With the partnership, comdirect has efficiently constructed a hyperlink between cryptocurrency investments and retirement plans, a long-term request of purchasers.

21Shares AG on Tuesday introduced it might collaborate with the German on-line monetary portal comdirect. The partnership will see the Swiss pioneer firm for Trade Traded Merchandise (ETPs), 21Shares AG, proceed as the one supplier of crypto ETPs to comdirect’s Spar plan.

Already, 11 of 21Share’s ETP choices can be found on the comdirect platform with no fee. As of September 2020, statistics prompt comdirect was offering its companies for over 2.5 million customers. Utilizing the platform, customers can conduct banking and securities buying and selling utilizing agile services and products.

The collaboration between the corporations will give traders the chance so as to add digital belongings to their financial savings accounts whereas having fun with the safety of investing by way of their monetary establishment.

How the Collaboration with comdirect will Have an effect on 21Shares

Commenting on the event, CEO of 21Shares, Hany Rashwan mentioned:

“We had been the primary crypto issuer to record a completely collateralized, 100% bodily backed bitcoin ETP on most German exchanges again in 2019 and right this moment are the one issuer to confess 4 crypto ETPs on Xetra alone.”

This, he claimed, adopted the registration of the entity on the SIX Swiss Trade in 2018.

By partnering with comdirect, the platform will enable German residents to diversify into cryptocurrency belongings, and add the identical to their financial savings plan – a risk that wasn’t beforehand obtainable.

comdirect Product supervisor, Rene Louis Delrieux, additionally commented on the collaboration. She mentioned:

“For an impressive buyer expertise, traders are actually in a position to make use of crypto ETPs by 21Shares. That is in step with the wants of our exigent purchasers and ensures market participation. The additional service can be utilized instantly due to its flexibility.” 

With the partnership, comdirect has efficiently constructed a hyperlink between cryptocurrency investments and retirement plans, a long-term request of purchasers.

About 21Shares

Established in 2018, 21Shares pioneered crypto Trade Traded Products21 and at present lists about 15 ETPs on its suite with over $1.35B in belongings beneath administration. The agency simplifies investments in crypto belongings, making it attainable to purchase and promote cryptocurrency shares by way of common brokers and bankers.

About comdirect

Comdirect, a model of Commerzbank AG, is a German on-line monetary transactions supplier. The agency executes transaction orders for shares listed on the German inventory exchanges, together with choices and futures contracts. It additionally permits entry to 46 inventory exchanges exterior Germany.

Blockchain News, Business News, Commodities & Futures, Cryptocurrency news, Deals News

Babafemi Adebajo

An skilled author and Fintech fanatic, obsessed with serving to individuals take cost of, scale and safe their funds. Has ample expertise creating content material throughout a bunch of area of interest. When not writing, he spends his time studying, researching or instructing.

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