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Trade Republic is discovering the crypto space for itself. As of now, four cryptocurrencies are part of the Neo broker’s offer.

The neo broker Trade Republic now also offers its customers cryptocurrencies. Since today it is on the Company homepage as well as on social channels such as Instagram. Accordingly, users of the financial service provider can trade Bitcoin, Ethereum, Bitcoin Cash and Litecoin on the platform as of today. The US crypto custodian Bitgo takes care of the custody of crypto assets in Germany. Trading takes place on the B2C2 exchange.

Like the financial news portal FinanceForward reported that the broker initially activated cryptocurrency trading for a small number of customers. According to this, each trade costs one euro and the spread, i.e. the difference between the buying and selling price, should be low compared to the competition. Trade Republic justified the admission of cryptocurrencies to BTC-ECHO as follows:

Factors such as negative interest rates and inflation in the euro zone require investors to adopt new investment strategies. The aim of Trade Republic is to offer our customers opportunities for long-term and diversified savings on the capital market. In addition to savings plans, crypto assets will play an important role in the future. At Trade Republic we are now combining crypto trading with state regulation and the reliability of our German banking license in order to give more people access to Bitcoin and Co. Education and knowledge are our top priority. Trading cryptos is suitable for informed investors who are familiar with volatile markets.

Trade Republic opposite BTC-ECHO

Beyond Trade Republic: Crypto and traditional markets continue to converge

With Trade Republic, another neo broker is now entering the crypto stage. JustTrade had previously dared to take this step. However, the crypto exchange Bitpanda proves that it can also work the other way round. The Austrian “Unicorn” announced just a week ago that, in addition to crypto currencies and precious metals, they were now also trading stocks. Since then, customers have been able to invest in 50 companies, including big names like Amazon, Alphabet, Facebook and Netflix, as well as seven ETFs like the S&P 500. “Another thousand” options are to follow soon.

It is currently uncertain whether Trade Republic plans to include further cryptocurrencies in its range. Upon request, the company announced that it was currently not yet possible to say when further crypto values ​​should be made tradable.

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