Comdirect, a German bank, now offers 11 cryptocurrencies ETPs

  • Comdirect, a German bank with around three million members, currently offers 11 cryptocurrency exchange-traded products
  • The 11 ETPs are currently listed in Germany and are now available with no commissions on the Comdirect platform
  • According to Hany Rashwan, CEO of 21shares, his company was the first cryptocurrency issuer to publish a fully collateralized bond

Comdirect, a German bank with around three million members, currently offers 11 cryptocurrency exchange-traded products (ETPs). Comdirect has made great progress in connecting crypto assets to retirement plans, something that our clients have been asking for for a long time, according to the bank.

Clients can now invest in crypto ETPs through a German bank

Comdirect AG, a German direct bank, is now selling 11 21shares AG cryptocurrency exchange-traded products (ETPs). In Germany, the bank offers online brokerage, banking, and advising services. 21shares outlined its exclusive relationship with Comdirect, which began on Tuesday: 21shares was retained as the sole provider of physically-backed crypto ETPs to the online broker’s savings plan programme as part of this creative cooperation (Spar plan).

According to the statement, the 11 ETPs are currently listed in Germany and are now available on the Comdirect platform with no commissions. The ETPs include bitcoin, ethereum, XRP, bitcoin cash, polkadot, stellar, cardano, solana, and more cryptocurrencies.

Views on Hany Rashwan on his company

According to Hany Rashwan, CEO of 21shares, his company was the first cryptocurrency issuer to publish a fully collateralized, 100 percent physically-backed bitcoin ETP on major German exchanges in 2019. Furthermore, it is currently the only issuer on Xetra alone to admit four crypto ETPs.  In 2018, the company also listed the world’s first physically-backed crypto ETP on the SIX Swiss Exchange, he added. We are very excited to offer German clients who want 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, he added.

Rene Louis Delrieux, Comdirect’s product manager and crypto saving plan initiator, stated that investors can now use 21shares’ crypto ETPs through Comdirect, which meets the expectations of our demanding clients and ensures market participation. This extra service provides more flexibility for instant use. She stated, Comdirect has succeeded in considerably bridging crypto investments to retirement plans, something that our clients have yearned for for a long time, thanks to our partner 21shares.

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