Institutions in Germany will be able to invest in cryptocurrencies

Germany has allowed its institutional funds to invest billions of dollars in crypto assets.

Co 2August 2021, comes into force in Germanya law allowing selected institutional funds to invest up to 20% of their assets in the cryptocurrency market. Bloomberg writes about this with reference to the bill.

The publication notes that now GermanInstitutions like pension funds and insurers manage ~ $ 2.1 trillion. Thus, the German “smart money” will be able to invest up to $ 420 billion in cryptocurrencies in total.

However, according to the expert of the German company onBVI cryptocurrencies Tim Kreuzmann, most funds will take their time to invest. According to him, the total investment in the crypto market "at the initial stage" will remain completely below 20%.

«Initially, most funds' investments will be significantly below the 20% mark, said British Virgin Islands crypto asset expert Tim Kreutzmann, a German fund industry body.

On the one hand, institutional investorssuch as insurers, have strict regulatory requirements for their investment strategies. On the other hand, they must also come to a decision to invest in cryptocurrency.

Kreuzmann's skepticism is shared by Kamil Kaczmarski,financial services consultant at Oliver Wyman. According to him, the volatility of cryptocurrencies is unlikely to please German investors, who are traditionally extremely conservative.

In his opinion, only small funds will show interest in the cryptocurrency market, and the size of investments in the next five years is unlikely to approach 20% of their reserves.

At the same time, DekaBank, one of the largestof asset managers in Germany, admitted that he is considering investing in cryptocurrencies. However, the final decision has not yet been made, said a representative of the savings bank.

Read about why the largest bank in Germany decided to create its own cryptocurrency depository in the special material.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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