- German Bank Comdirect adding 11 cryptos ETPs in a savings plan.
- Comdirect bank has made a partnership with 21shares AG.
- Comdirect customers can purchase the ETPs free of charge.
One of the largest banks in Germany, Comdirect now adding 11 cryptocurrency exchange-traded products (ETPs) from 21shares AG to its savings plan offer. Comdirect bank has made a partnership with 21shares AG. Germany Comdirect bank facilitates online brokerage, banking, and advisory services.
More so, the 11 offered ETPs are 100% physically covered, 21shares hold the cryptocurrency that represents the securities. With exchange-traded products (ETPs) the customers can invest in cryptocurrencies. Currently, the 11 ETPs listed in Germany and now available on the Comdirect platform at zero commissions.
Furthermore, the banks nearly contain three million customers, they can now invest monthly fixed amounts in Bitcoin (BTC), Ethereum (ETH), and some other cryptocurrencies. Also in more risky, experimental, or questionable coins such as Ripple, Cardano, Bitcoin Cash, Stellar, Solana ad Polkadot.
Accordingly, 21shares partnership with Comdirect was effective Tuesday, 21shares explained. “In this innovative partnership, 21 shares retained as the sole provider of physically-backed crypto ETPs to the online broker’s savings plan program (Spar plan)”.
Moreover, the CEO of 21shares Hany Rashwan noted that 21shares the first crypto issuer. To list a completely collateralized, 100% physically-backed bitcoin ETP on most German exchanges back in 2019.
Hence more, Comdirect customers will enjoy the benefits that they can purchase the ETPs free of charge. Also as part of a savings plan, a fixed amount can exchanged for cryptocurrencies every month through exchange-traded products.
The CEO of 21shares stated,
“ we are excited to offer German clients who wish to add bitcoin and other crypto assets to their savings plan a compelling option to do so thanks to Comdirect, an option that was not available for any crypto products until now.”
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