Clients of major German banks Comdirect and Onvista will now have access to Cardano investment products. This occurs at the same time as Valour, a distributor of cryptocurrency goods for retail customers in Germany, announced an arrangement with both banks.
According to reports, Comdirect, a trademark of Commerzbank AG, has over three million clients and is the third-largest bank in Germany. In addition to access to 46 stock markets outside of Germany, it offers online banking, advising, and brokerage services in Germany.
Onvista is a Comdirect Bank AG subsidiary and an internet broker. In addition to ETPs for Cardano, Polkadot, Solana, Avalanche, Cosmos, and Enjin coins, Valour, a company that provides ETPs, also offers ETPs for Bitcoin and Ethereum.
Investments in Cardano goods increased
A variety of alternative coins, including Cardano, experienced inflows totaling $3.9 million in the previous week, according to the CoinShares report.
In general, there were only modest withdrawals of $17 million from digital asset investment products last week. The outflows, which totaled $21 million last week, were dominated by Bitcoin.
Regional flows demonstrate the disparity in attitudes with inflows of $20 million into European markets but withdrawals of $36 million from American exchanges. Blockchain equities witnessed inflows of $8 million last week, contrasted with direct digital assets’ withdrawals, which suggested a less negative view.
Cardano responds to new crypto limitations in Canada
Cardano founder Charles Hoskinson has reacted to a document making waves on Twitter about restrictions on buying cryptocurrencies in Canada.
According to a document released by a Twitter user going by the handle “Mo” Canadian residents of specific provinces will only be permitted to purchase more cryptocurrencies worth a maximum of $30,000 annually. However, since there are no purchase restrictions for Bitcoin Cash, Ethereum, Litecoin, and Bitcoin, this does not apply to them.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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