Comdirect, a German bank with around three million customers, is now offering 11 crypto exchange-traded products (ETPs).
The bank declared: “Comdirect has succeeded in significantly bridging crypto investments to retirement plans, something that our clients have longed for a while.”
It further added: “In this innovative partnership, 21shares was retained as the sole provider of physically-backed crypto ETPs to the online broker’s savings plan program (Spar plan).”
Said ETPs are listed in Germany, and they are now available on Comdirect’s platform at a zero commission. Among the ETPs are investments in Bitcoin, Ethereum, Bitcoin Cash, XRP, Polkadot, Cardano, Solana, Stellar, and others.
The CEO of 21shares, Hany Rashwan, declared that the company became “the first crypto issuer to list a fully collateralized, 100% physically-backed bitcoin ETP on most German exchanges back in 2019.” Furthermore, the company is now “the only issuer to admit four crypto ETPs on Xetra alone.”
Plus, the company has also listed “the world’s first physically-backed crypto ETP on the SIX Swiss Exchange in 2018.”
Rashwan also added:
“We are very 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.”
Rene Louis Delrieux, the product manager and crypto saving plan initiator for Comdirect added that via Comdirect, “investors are now able to use crypto ETPs by 21shares which fits the needs of our demanding clients and ensures market participation. This additional service adds flexibility for immediate use.”
She further added: “Together with our partner 21shares, Comdirect has succeeded in significantly bridging crypto investments to retirement plans, something that our clients have longed for a while.”