With Scalable Crypto you can trade cryptocurrencies as easily as stocks or ETFs as crypto ETPs* on regulated trading venues (Xetra, gettex) in Germany. An investment is possible both as a one-time purchase and from 1 euro per month in a savings plan. No separate account, wallet or re-identification is required for this.
The purchased securities are securely held in your securities account at the custodian bank. The equivalent value of your investment in the corresponding cryptocurrency is held in custody for you by the issuer at cryptocustodians. In contrast to trading via crypto exchanges, you do not need to hold your investment independently in your own crypto wallet.
*Crypto Exchange Traded Products, or "Crypto ETP" for short, is a collective term for all products that track the value of an underlying cryptocurrency. In addition to the designation "ETP", product manufacturers sometimes use the designations Exchange-Traded-Note (ETN) or Exchange-Traded-Cryptocurrency (ETC).