Cardano Products Now Available To Customers Of Key German Banks

Investments In Cardano Goods Increased
New Crypto Regulations In Canada

Clients of German central banks Comdirect and OnVista will now have access to Cardano investment products. The news co-occurs 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. 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 pessimistic view.

New Crypto Regulations In Canada

Charles Hoskinson, the founder of Cardano, responded to a paper that has been making the rounds on Twitter regarding limitations on cryptocurrency purchases 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 views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Cardano Charles Hoskinson German central banks Comdirect Onvista

Cardano Products Now Available To Customers Of Key German Banks

Usha Yadav

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.