Investments In Cardano And Solana Are Now Available To Millions Of Germans – Institutional investors have been increasing their stake in Cardano and Solana for a time now. With all of the recent interest in decentralized finance (DeFi) and non-fungible tokens (NFTs), investing in the cryptocurrency market seemed a logical move.
In order to expand their products, numerous financial services organizations have started evaluating Cardano and Solana. Now, the virus has spread to Germany, where millions of people have access to these cryptocurrency investments.
German Financial Institutions Invest in Cardano
Two big German banks have just partnered to provide Cardano and Solana investments to their customers. Onvista and Comdirect, a Commerzbank AG-affiliated bank, have teamed with Valour to provide their customers additional crypto services.
According to a 2019 study, Comdirect is the third-largest bank in Germany, with over 2.5 million customers. It formed a partnership with Valour Inc., a publicly listed business that provides a bridge between conventional financial markets and the decentralized finance sector. Customers of Onvista and Comdirect will have access to a vast array of exchange-traded products (ETPs) provided by the cryptocurrency firm as a result of the integration.
With this new product, German banks will be able to give consumers with alternative cryptocurrency investing possibilities. Cardano, Solano, Polkadot, Uniswap, Avalanche, Cosmos, and Enjin are all significant participants in the decentralized financial industry.
These products are provided in addition to the passive investment products in Bitcoin and Ethereum that Valour currently offers. Bitcoin Zero and Ethereum Zero were the company’s main offerings.
It is intriguing to see cryptocurrencies such as Uniswap on this list since it indicates a rising interest in the DeFi technology. According to a survey by CoinShares, Uniswap was the only cryptocurrency to attract large inflows from institutional investors last week, with $100,000 coming into the digital currency.
Russell Starr, the chief executive officer of Valour, welcomed the alliance as a step in the right direction for the company’s aspirations. The CEO continued, “Our latest employees have already provided enormous value to our team, and they will continue to perform at a high level regardless of market circumstances.”
Marco Infuso, Chief Sales Officer at Valour, also commented on the agreement, stating, “By integrating Valour’s low-to-zero-fee ETPs, Comdirect and Onvista will be able to provide their consumers safe and regulated exposure to the cryptocurrency ecosystem.” Infuso continued by saying, “Especially during ‘crypto winter,’ expenses are the top issue for investors. Offering zero-cost Bitcoin and Ethereum investing alternatives is a significant benefit for our investors and a significant step in the democratization of this new and developing asset class.”
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