Cardano products now available to customers of key German banks as blockchain equities saw inflows of $8 million
Cardano investment products will now be available to customers of major German banks ComDirect and OnVista. This is when Valor announced a deal with both banks as a provider of crypto products to retail customers in Germany.
Comdirect, a brand of Commerzbank AG, is reportedly the third largest German bank and boasts over 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.
In addition to Cardano investment products in the form of ETP, the provider of ETPs, Valour, Polkadot, Solana, Avalanche, Cosmos and Enjin Coin also offers ETPs in Bitcoin and Ethereum as well.
Cardano investment products recorded inflows
According to the CoinShares report, a broad set of altcoins, including Cardano, saw inflows totaling $3.9 million in the past week.
In general, digital asset investment products saw modest outflows totaling $17 million last week. Bitcoin accounted for a substantial portion of the outflow, which totaled $21 million last week. With a total of $20 million in inflows into European markets, but $36 million outflows from US exchanges, regional inflows indicate that outlooks are divided.
Unlike direct digital assets, which had outflows last week, blockchain equities saw inflows of $8 million, indicating a more positive outlook.
Cardano founder reacts to new crypto ban in Canada
cardano founder Charles Hoskinson has reacted to a document making waves on Twitter about a ban on buying cryptocurrencies in Canada.
A Twitter user named “Mo” had shared a document indicating that cryptocurrency users living in certain provinces in Canada would only be able to buy other cryptocurrencies worth no more than $30,000 per year. This, however, does not apply to Bitcoin, Ethereum, Litecoin and Bitcoin Cash, which do not have limits on buying.
