Börse Stuttgart, the second-largest stock exchange in Germany, has listed two crypto exchange-traded notes, according to a press release shared with Cointelegraph on May 13.
Based on two major cryptocurrencies, XRP and litecoin, and issued through XBT Provider, the ETNs can now be traded against the Swedish krona and euro on Börse Stuttgart, Europe's tenth-largest exchange, the announcement says.
The SWB's crypto ETNs listing purportedly allows investors to track the future price developments of XRP and LTC through exchange-traded securities, which is the first initiative of its kind in Germany, Boerse Stuttgart executive Jürgen Dietrich explained in the press release.
Similarly to other exchange-traded products, crypto ETNs are reportedly available for trading on the exchange from 8:00 to 22:00 Central European Time.
XRP and LTC-based ETNs have already been trading in Sweden at Boerse Stuttgart-owned exchange Nordic Growth Market since April 4.
Earlier this year, Boerse Stuttgart officially launched its crypto-trading application, Bison.
Recently, the world's second-largest stock exchange Nasdaq was rumored to test trading of a bitcoin-based product.
Previously, the exchange confirmed its plans to launch bitcoin futures in the first half of 2019.
Germany's Second-Top Exchange Börse Stuttgart Lists Ripple and Litecoin-Based ETNs
Publicado en May 13, 2019
by Cointele | Publicado en Coinage
Coinage
Mencionado en este artículo
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.