Trade Republic Launches Commission-Free Crypto Trading
2 min read
Trade Republic users now have more options to invest. The start up now offers trading for BTC, ETH, Litecoin and BTC Cash. In fact, the Berlin-based neo-broker is one of the first European banks 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.
“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,” said the co-founder of Trade Republic, Christian Hecker.
Hecker went on to add that “crypto stocks will play an important role in the future”. At present, Trade Republic combines reliable crypto trading with a German banking license in hopes of “providing more people with easy access to edge investment opportunities.”
Similar to other financial instruments, Trade Republic offers simple, fast and commission-free trading. In fact, crypto can be bought and sold around the clock, seven days a week. However, unlike traditional securities, the neo-broker allows users to buy a fraction of a cryptocurrency, using euros.
Furthermore, users can find the desired crypto via the search function in the app and invest with just three taps. Trade Republic allows investors to easily manage their portfolio in one place. With its own banking license, Trade Republic offers a trusted experience to all its customers.
With this launch, Trade Republic seems to be spearheading its role in the European financial market. In doing so, it not only proves its innovative strength, but also its knowledge of customer needs when it comes to investing in new asset classes.
Previously, in a funding round, Peter Thiel of Founders Fund told reporters that the firms rapid growth in Germany is a testimony to the superiority of its technology platform. Making it poised to become a major contender in the European financial market.
Read more: Paxos Closes $300 Million Series D Funding Round
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