MetaPlanet’s U.S. ADR MPJPY Begins Trading on Robinhood
Deutsche Bank, the depositary bank for the American depositary receipt (U.S.-traded share certificate), said it will waive ADR issuance fees until June 12, reducing costs for U.S. retail investors.
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Terms & Concepts
ADR: An American depositary receipt is a U.S.-traded certificate that represents shares in a non-U.S. company.
Depositary bank: A financial institution that issues and manages ADRs, holding the underlying foreign shares on behalf of investors.