Cardano investment products are now available for customers of major German banks

Tomiwabold Olajide

Cardano products are now available to customers of major German banks, with blockchain stocks seeing inflows of $8 million

Contents

  • Cardano investment products saw inflows
  • Cardano Founder Reacts to New Crypto Restrictions in Canada

Cardano’s investment products will now be available to customers of major German banks Comdirect and Onvista. This comes as Valor announced an agreement with the two banks, as a provider of crypto products for retail customers in Germany.

Comdirect, a brand of Commerzbank AG, is said to be Germany’s third-largest bank and has more than three million customers. It provides online brokerage, banking and advisory services in Germany, as well as access to 46 stock exchanges outside Germany. Meanwhile, Onvista is an online broker and a subsidiary of Comdirect Bank AG.

Besides Cardano investment products in the form of ETPs, Valour, an ETP provider, also offers Polkadot, Solana, Avalanche, Cosmos, and Enjin ETPs, as well as those in Bitcoin and Ethereum.

Cardano investment products saw inflows

According to the CoinShares report, a wide range of altcoins, including Cardano, saw inflows totaling $3.9 million last week.

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Overall, digital asset investment products saw minor outflows last week totaling $17 million. Bitcoin took a bigger chunk of the outflows, which totaled $21 million last week. With inflows totaling $20 million on European markets but outflows of $36 million from US exchanges, regional flows show that attitudes are divided.

Unlike direct digital assets, which saw outflows last week, blockchain stocks saw inflows of $8 million, indicating a more positive outlook.

Cardano Founder Reacts to New Crypto Restrictions in Canada

Founder of Cardan Charles Hoskinson reacted to a document making waves on Twitter regarding restrictions on buying cryptocurrencies in Canada.

A Twitter user named “Mo” had shared a document stating that cryptocurrency users living in certain provinces of Canada would only be able to purchase other cryptocurrencies worth up to $30,000 per year. This, however, does not apply to Bitcoin, Ethereum, Litecoin and Bitcoin Cash, which have no purchase limits.

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