21shares partnered with Comdirect for a complete Crypto savings plan

By Joy Dumasia

21Shares AG, the pioneering issuer of crypto Exchange Traded Products (ETPs), announced an exclusive partnership with the largest German online retail platform, comdirect effective July 13th. In this innovative partnership, 21Shares was retained as the sole provider of physically-backed crypto ETPs to the online broker’s savings plan program.

Eleven of 21Shares’s ETP offerings currently listed in Germany are available on the comdirect platform at zero commissions.

Currently, comdirect provides more than 2.9m customers with innovative, intelligent products and services so that they can carry out their banking and securities trading transactions quickly and conveniently. The partnership marks a first for investors opting to add crypto assets into their savings accounts.

Commenting on the news, Hany Rashwan, CEO of 21Shares, “We were the first crypto issuer to list a fully collateralised, 100% physically-backed bitcoin ETP on most German exchanges back in 2019 and today are the only issuer to admit four cryptos 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. This option was not available for any crypto products until now.”

Recently, IBS Intelligence reported that 21Shares AG, the issuer of crypto Exchange Traded Products (ETPs), is launching the world’s first Solana ETP on the regulated market of the Swiss stock exchange on Wednesday June 30th 2021, further boosting 21Shares as the leading issuer of crypto ETPs.