DGAP-News: Trade Republic Bank GmbH / Key word(s): Cryptocurrency / Blockchain
TRADE REPUBLIC LAUNCHES COMMISSION-FREE TRADING IN CRYPTO ASSETS
- Trade Republic Bank now offers trading for Bitcoin, Ethereum, Litecoin and Bitcoin Cash
- This makes Trade Republic one of the first regulated European providers to enable trading of shares, ETFs and derivatives, and now also crypto, in a single account
- Just like our traditional stock trading, Trade Republic will offer low, simple pricing for crypto: commission-free trading with controlled spreads, and a 1 € fee to cover third-party execution
- Crypto trading is available 24/7. No custody fees, variable order fees or network costs
Berlin, Germany, 29 April 2021 - With Trade Republic, clients now have more options to invest. Starting immediately, they can invest in crypto via the Trade Republic app - around the clock, seven days a week. Investing in crypto at Trade Republic works the same way as other financial instruments - simple, fast and commission-free. Trade Republic is thus one of the first European brokers to offer trading in shares, ETFs, derivatives and cryptos from a single easy-to-use product and with the reliability of its own banking license.
Cryptocurrencies like Bitcoin are considered an important innovation in the world of finance. They operate on decentralized networks that exist largely independent of national currencies or capital markets. As a result, they have become a sought-after asset class in recent years, offering new options for investment strategies. Trade Republic has set out to give everyone access to the capital markets, and our launch of crypto, alongside equities, ETFs and derivatives, is a step towards its vision to democratize access to the financial world.
Initially, Bitcoin, Ethereum, Litecoin and Bitcoin Cash are available to trade. The offer is being rolled out to more and more users in Germany over the next days. Trading is easy and transparent: commission-free with controlled spreads and a flat rate of one Euro per transaction for third-party costs. As Germany's largest regulated neobroker, Trade Republic has its own banking license and offers a trusted experience.
At the same time, Trade Republic continues to develop into the largest provider of ETF and share savings plans in Germany. For this popular type of long-term asset accumulation, Trade Republic now offers all of the approximately 1,500 ETFs in its portfolio and is also increasing the number of shares that can be saved on from 1,000 to 2,500. All shares can also be purchased in fractions within savings plans if the value of the individual share exceeds the savings amount.
Trading in cryptocurrencies at Trade Republic works exactly the same way as trading in other investment products: clients can find the desired crypto via the search function in the app and invest with just three taps. Unlike traditional securities, clients are able to buy a fraction of a cryptocurrency, using euros. Crypto can be bought and sold around the clock, seven days a week. Investors can easily manage their portfolio in one place, including crypto, stocks, ETFs, savings plans and derivatives.
"Macroeconomic factors like negative interest rates and inflation in the Eurozone require investors to adopt new investment strategies. Our goal is to open up opportunities for long-term and diversified saving on the capital market for our clients," says Christian Hecker, one of the founders of Trade Republic. "In addition to savings plans, crypto stocks will play an important role in the future. The crypto market has developed strongly in recent years. At Trade Republic, we now combine crypto trading with the reliability as a broker with a German banking license to give more people access to cutting edge investment opportunities."
"Education and knowledge are our top priorities," says Christian Hecker. "Crypto trading is suitable for informed investors who are familiar with volatile markets. In addition, we educate users on volatility and market development in the app and offer further information material to better understand the crypto market."
With the inclusion of crypto, Trade Republic is once again taking on a pioneering role in the European financial market. In doing so, it not only proves its innovative strength, but also its knowledge of the customer needs when it comes to investing in new asset classes.
ABOUT TRADE REPUBLIC
Trade Republic is a European platform for mobile investing. With its intuitive app, people can save, invest, and trade on the capital markets commission-free with just three taps. Trade Republic's vision is for everyone to have the opportunity to take managing their investments into their own hands.
Trade Republic is a bank licensed in Germany and supervised by the Bundesbank and BaFin. Their cooperation with well-known partners such as HSBC, BlackRock, and solarisBank underlines the high quality of their service. The company was founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri. Trade Republic's investors include Accel, Creandum, Founders Fund, and Project A, as well as sino AG.
29.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.