So far, Trade Republic has been known in particular for trading ETFs, stocks and savings plans. Now the company is also including cryptocurrency trading in its portfolio.
Simple, commission-free trading
With its expansion of offerings to include cryptocurrency trading, there is now an opportunity to trade the most popular ones such as Ethereum, Bitcoin, Litecoin as well as Bitcoin Cash on the platform through Trade Republic. The purchase and sale of the currencies remains just as simple and also commission-free, as trading with the other values on Trade Republic. With each transaction on the platform, only a third-party fee of one euro is incurred here.
Trade Republic has set itself the goal with its new offer to make possible for its customers the possibility of diversified and also long-term saving at the capital market. Apart from savings plans, cryptocurrencies in particular will be very relevant in the future as the market continues to evolve. Christian Hecker of Trade Republic says of the new offering, “At Trade Republic, we now combine crypto trading with the government regulation and reliability of our German banking license to give more people access to Bitcoin and Co.” .
New trading options
In connection with the GameStop promotions at the beginning of this year, Trade Republic had gained notoriety. With the new trading options on the platform, more active users are then likely to join. For all customers, the new offer is not available immediately, this will be introduced and activated step by step in the coming days.
In the process, trading with cryptocurrencies should be just as easy as it is with buying and selling shares and other securities. Via the Trade Republic app, certain values can be found via the search function and transactions can be executed with just three clicks. After a transaction, the stock is then found with the others, such as savings plans and ETFs in one’s own securities account overview.