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Today's Highlights

• Trade Republic - investing made easy
• Today's Infographic
• In Other News - a few interesting developments we're tracking.

Trade Republic - investing made easy

Trade Republic offers one of the most extensive range of investment products. Founded in 2015, Trade Republic is a discount broker based in Berlin, Germany. It focuses on four types of financial assets: stocks, ETFs, cryptocurrencies, and derivatives.  It is an investment platform that’s well regulated, customers can trust that the platform has solid security processes to safeguard their funds.  Trade Republic has simple and transparent fees. With Trade Republic the baseline fee structure is exactly the same across all investment products, avoiding a lot of confusion and surprises for the customers.

Trade Republic is the first European broker to increase the interest rate paid in euros after many years of zero-to-low interest rates due to the European Central Bank (ECB) policies. The money not invested in the customer’s account (up to €50,000) will earn 2% per year (paid monthly). Most banks are not paying close to that, so customers can transfer money to Trade Republic with the sole intention of earning some interest. Trade Republic will send the annual tax statement directly within the app in the first quarter of the following year for all the tax needs of the customers. This makes tax filing hassle-free.

In the account, the customers will have two types of assets: cash deposits and investment assets. In Cash deposits the cash is deposited in banks like Solarisbank, Citibank, J.P. Morgan SE, and Deutsche Bank. All banks within the EU are subject to national and EU-wide regulations that ensure the security of private deposits. The investment assets are entirely segregated from Trade Republic and are the customer’s property; in other words, the customer will be the legal owner of the securities at all times. So, if it went bankrupt, the customer would only need to transfer the assets to another broker. Besides, it is under the German Deposit Guarantee Scheme, which covers losses up to €20,000.  

Christian Hecker, Thomas Pischke and Marco Cancellieri are the co-founders of Trade Republic. Trade Republic has raised a total of $1.3B in funding.

🧐 Today's Infographic

In Other News

Robinhood Wallet rolls out on iOS with Android support to follow

Robinhood has launched its multi-chained, self-custody wallet on the Apple App Store to customers in over 130 countries. There is no longer a waitlist and cryptocurrency traders will be able to interact with a range of decentralized applications on Polygon and Ethereum.

CointelegraphBrayden Lindrea

401(k) Provider ForUsAll to Offer Crypto Investments Into CoinDesk Indices Constituents

This will be the first index-based digital asset offering available through a 401(k), says ForUsAll.

CoinDeskStephen Alpher

Most blockchain advocates haven’t even used Bitcoin

A rather surprising truth popped up during the European Blockchain Convention in Barcelona concerning the world’s largest cryptocurrency.

CointelegraphJoseph Hall