Two giant German banks are preparing to offer investment products of an altcoin project to their users. It was noteworthy that banks chose another crypto currency instead of big players such as ETH and BTC. Here are the details…
2 giant banks agreed with this altcoin, not BTC
Two banks operating in Germany, Comdirect and Onvista, chose an altcoin project. Accordingly, banks are preparing to offer Cardano’s investment products to users. The two banks’ move comes after an agreement with Valour, a Canadian company. Valour aims to provide crypto products for retail customers in Germany with two banks. Valour provides Cardano investment products in ETP format. It also offers ETPs of Polkadot, Solana, Avalanche, Cosmos and Enjin, BTC and ETH.
Comdirect is a subsidiary of Commerzbank AG. According to the data, the bank is Germany’s third largest bank and has over 3 million customers. In addition to its banking services in Germany, it gives its users access to 46 exchanges outside the country. Onvista is in the sector as a subsidiary of Comdirect Bank AG. As Cryptokoin.com reported, Cardano is trading at $0.54, down 2.59%.
Cardano investment products see entry
CoinShares has shared a new report regarding the entries that altcoin projects registered last week. Accordingly, a number of altcoins, including Cardano, experienced a total inflow of $ 3.9 million. However, last week, $17 million in crypto investment products were outflows. Leading cryptocurrency BTC hosted the bulk of the $21 million exits last week.
On the other hand, inflows of 20 million dollars were recorded in the European markets and 36 million dollars outflows were recorded in the American markets. In other words, the flow of investment products reveals that investors are in disagreement. Exits realized in digital assets were high. However, Blockchain stocks have seen inflows. Accordingly, the shares experienced an inflow of $ 8 million and showed itself as positive data.
Charles Hoskinson reacted
Cardano inventor Charles Hoskinson made a post about Canada on Twitter. The famous inventor criticized the restrictions on people in the country to buy crypto. Accordingly, he reacted to a document that was published on this subject and created an instant event. The aforementioned document was originally published by “Mo”, a Twitter user. Mo’s document was aimed at people living in specific provinces of Canada. Accordingly, residents of the aforementioned states would not be able to purchase cryptocurrencies over $30,000. Additionally, Mo’s document did not show purchase limits for BTC, ETH, Litecoin, and Bitcoin Cash.
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