Trade Republic attracts $900 million. Discussing the project
Our news articles have several main objectives. The first is to inform you about the incidents of the digital industry, talk about events related to Blockchain and technology. And the second, more practical task is to become familiar with potentially profitable projects. Indeed, in many of our articles we talk about commercially successful projects that have the potential for active growth. And, as a result, they can bring considerable profit. The main thing is to take up the investment on time and responsibly approach the interaction with the project. That is why today we will tell you about one of these innovative companies. So, to your attention – Trade Republic, which has already attracted about 900 million investments.
What is this company?
Much comes from the name. This organization provides broker services, but online. As a reminder, the broker’s job is to help the buyer of the stock. A potentially interested person turns to a broker, trusts him with his capital and allows him to dispose in the best way. A broker buys securities, foreign exchange assets, including digital settlement tools. Trade Republic does just that. This company looks to the future and understands that the era of the digital economy lies ahead. Therefore, the firm already successfully supports many digital assets. And this common sense impresses investors. In the last round of fundraising, the company raised about $ 900 million in net investment. This is phenomenal money, which is backed by the confidence of partners in the reliability of the company.
The cost of the organization is estimated at about $ 5 billion. Therefore, large enterprises such as Sequoia Capital, TCV and Thrive Capital gladly invested in the organization. Note that the ability to interact with cryptocurrencies has appeared relatively recently. Even before April of this year, Trade Republic only allowed working with classic assets. Like shares of various funds and fractional shares. But now everyone can use the services of the company to purchase BTC, ETH, LTC and BCH. But is there a future for such a bold policy? After all, perhaps the company will face misunderstanding on the part of more serious partners and will be forced to change the course of its actions? Let’s figure it out.
What’s in store for Trade Republic? Should I invest in a company?
At the moment, this organization operates in 3 European countries. These are Germany, France and Austria. However, Trade Republic sees the need for expansive expansion. Therefore, in the near future, it is planned to open offices in all EU countries. At this moment, the audience of the project is slightly more than 1 million people. These are active investors interested in investments. Moreover, half of them have never invested before. Trade Republic helps many to think about the future today and move to productive investments. It is obvious that such a policy will remain in demand in a year, and, I would like to believe, even in many years.
Therefore, we have no doubt that Trade Republic is the company that has definitely earned a place in your investment portfolio. We recommend that you independently study this enterprise, give an objective assessment and decide when to buy Trade Republic shares – now or later?
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