Crypto Firm 21Shares Collaborates with German Platform Comdirect

21Shares, a Switzerland-based crypto ETP issuer, announced yesterday that it has collaborated with Comdirect, a leading German online financial portal, to bring crypto ETPs into savings accounts.

According to an official announcement, the new partnership will enable 21Shares to provide physically-backed crypto Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded products (ETPs) to Spar Plan, Comdirect’s savings plan program. 21Shares mentioned that eleven of its ETP’s listed in Germany are available on the platform of Comdirect at zero commissions.

Incorporated in Zug, 21Shares has offices in Zurich and New York. The company has a total of 15 listed crypto ETP’s. Additionally, 21Shares has more than $1.35 billion in assets under management (AUM) across its listed products.

Commenting on the latest partnership, Hany Rashwan, CEO of 21Shares, said: “We were the first crypto issuer to list a fully collateralized, 100% physically-backed Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term ETP on most German exchanges back in 2019 and today are the only issuer to admit four crypto ETPs on Xetra alone. This followed us listing the world’s first physically-backed crypto ETP on the SIX Swiss Exchange in 2018. 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.”

In February 2021, 21Shares crossed $1 billion in crypto assets under management for the first time.

Crypto ETPs

The overall demand for crypto ETPs has surged significantly since the start of 2021 amid a substantial rise in retail and institutional interest for crypto-related investment products. The latest partnership between 21Shares and Comdirect will enable investors to add crypto assets into their savings accounts.

“For an outstanding customer experience, 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. 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,” Comdirect’s Product Manager and Crypto saving plan Initiator, Rene Louis Delrieux, commented.