CoinShares Announces Free-To-Trade and Savings Plan Agreements In Partnership With S Broker

Rhea-AI Summary

CoinShares, Europe’s largest digital asset investment firm, announced a groundbreaking free-trading agreement with S Broker, which will allow customers to trade CoinShares' physically-backed crypto ETPs without fees from December 1 to December 31, 2021. Starting in 2022, S Broker clients can integrate CoinShares ETPs into their savings plans at no extra cost. This agreement responds to the growing demand for cryptocurrency investments, as noted by S Broker's strong client interest in blockchain products. CoinShares aims to expand investor access to digital assets through this collaboration.

Positive

• CoinShares launched a free-trading agreement with S Broker, enhancing accessibility to crypto ETPs.
• The partnership allows S Broker customers to trade crypto ETPs at no cost, expanding CoinShares' market reach.
• Demand for digital asset investments is increasing, as indicated by S Broker's client interest.

Negative

• None.

SAINT HELIER, Jersey, Dec. 2, 2021 /PRNewswire/ -- CoinShares ("the Company") (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF), Europe's largest and longest standing digital asset investment firm with over US$6bn in AUM, today announced a free-trading agreement with S Broker for our physically-backed crypto ETPs. The agreement is the first of its kind with one of Germany's predominant investment platforms and will run from 1^st December until 31^st December 2021.

Starting in 2022, subject to conditions, customers of S Broker will be able to add CoinShares' ETPs to their savings plans for free. This is part of a wider shift in demand towards digital assets after S Broker recently announced it was expanding its product range to offer certificates, ETPs and stocks related to cryptocurrencies and blockchain technology.

Sabine Meyer, Director Products and Trading at S Broker commented, "For quite some time, we have been observing a strong increase among our clients in the demand for investment opportunities in cryptocurrencies and blockchain technology. We are therefore very pleased to be able to further expand our offering in this area at very attractive conditions for our clients together with the digital asset investment firm CoinShares."

Frank Spiteri, CoinShares' Chief Revenue Officer added, "As a member of Sparkassen-Finanzgruppe, one of Germany's largest financial service providers¹, S Broker has been at the forefront of self-directed investment in the region. We are excited to work with them to bring digital assets to their customers via our transparent, cost effective and regulated ETPs, as demand for this new asset class continues to steadily grow."

CoinShares operates in two verticals, Capital Markets Infrastructure and its Asset Management Platform, which have been built upon a core technology stack that has continuously evolved and improved since 2016. In addition to these verticals, the Company is diligently expanding its investment portfolio through its venture capital arm and M&A activities. Through these activities, CoinShares provides eligible investors access to crypto markets through regulated investment products. Furthermore, the Company continues to leverage its industry leading research arm to provide unparalleled insight into the rapidly maturing digital asset ecosystem.

About S Broker

S Broker is the online broker of Saving Banks Finance Group (Sparkassen-Finanzgruppe) and a subsidiary of DekaBank, the securities service provider of the Savings Banks (Sparkassen). As an associated partner, S Broker supports the Savings banks' brokerage services with two high-performance brokerage solutions. Its customers benefit from S Broker's high level of securities expertise and its broad, independent online offering.

Media Contact
André Sarges
+49 0611 2044 1104
andre.sarges@sbroker.de

About the CoinShares Group

CoinShares is Europe's largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under the ticker CS and the OTCQX under the ticker CNSRF.

Media Contact
Jay Morakis
+1 646 859 5951
press@coinshares.com

Certified Advisor
Mangold Fondkommission AB
+46 (0)8 503 015 50
ca@mangold.se

¹ https://www.dsgv.de/en/facts/facts-figures.html

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/coinshares-announces-free-to-trade-and-savings-plan-agreements-in-partnership-with-s-broker-301435889.html

SOURCE CoinShares Group

FAQ

What is the recent announcement made by CoinShares?

CoinShares announced a free-trading agreement with S Broker for its crypto ETPs from December 1 to December 31, 2021.

How will the free-trading agreement benefit S Broker customers?

S Broker customers can trade CoinShares' ETPs without fees and add them to savings plans for free starting in 2022.

What is the significance of the partnership between CoinShares and S Broker?

The partnership is significant as it marks the first free-trading agreement for crypto ETPs with a major German investment platform.

What impact does this agreement have on CoinShares' stock CNSRF?

This agreement may positively influence CoinShares' stock CNSRF by increasing accessibility and demand for their ETP products.

When does the free-trading agreement between CoinShares and S Broker start?

The free-trading agreement starts on December 1, 2021, and lasts until December 31, 2021.