German Clients Of Major Banks Can Now Access Cardano Investment Products

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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