Matthias Baccino (Trade Republic): "Traditional investors' interest in cryptos continues to grow"
In an interview with The Big Whale, the head of France for the German investment app (with just over 2 million users) talks about the launch of its crypto offering.
The Big Whale: The crypto market has been pitching a lot in recent weeks. Was it the best time to get involved?
Matthias Baccino: The current context is very interesting. The FTX crash has put the spotlight on security issues in cryptos, and we can see that there are different types of players. What happened with FTX could never have happened with Trade Republic.
We do custody, but to completely different standards. Our accounts are audited by the German financial watchdog (BaFin) and the German central bank (Bundesbank). This is a fairly credible proof of reserve (laughter).
Who is your offer aimed at?
Anybody, but especially those who want to invest in digital assets without exposing themselves to the risks of the Web3 universe. Traditional investors' interest in cryptos continues to grow, but some dread holding onto their cryptos themselves, hence our solution.