Tuesday , June 15 2021
Home / Bitcoin (BTC) / From Mobile Applications to Exchange-Traded Products: New Crypto Developments in Europe

From Mobile Applications to Exchange-Traded Products: New Crypto Developments in Europe

Summary:
Cryptocurrency developments in Europe are emerging left and right as four issuers received approvals to list exchange-traded products on different exchanges, including in Paris and Amsterdam for the first time. Additionally, Germany’s regulated exchange for crypto assets released a mobile trading app for Android and iOS users. Four Issuers Launched Crypto ETPs in Europe With CoinShares leading the way with exchange-traded products tracking the performance of Bitcoin, Ethereum, Litecoin, and more digital assets launched in Europe this year, the trend has only intensified, and multiple other companies want a share of that pie. Those names include WisdomTree, ETC Group, VanEck, and 21Shares. ETC Group was among the latest to outline such plans as its BTCE Bitcoin product will

Topics:
Jordan Lyanchev considers the following as important: , ,

This could be interesting, too:

Jose Oramas writes Elon Musk: Tesla Will Resume Allowing Bitcoin Transactions With One Condition

Dimitar Dzhondzhorov writes World’s Leading DJ David Guetta Sells His House In Miami: Bitcoin and Ethereum Accepted

Jordan Lyanchev writes Google Searches for El Salvador to a New Yearly High After Adopting Bitcoin

Anthonia Isichei writes JPMorgan Implies that El Salvador’s Bitcoin Move Has no Economic Benefits 

Cryptocurrency developments in Europe are emerging left and right as four issuers received approvals to list exchange-traded products on different exchanges, including in Paris and Amsterdam for the first time.

Additionally, Germany’s regulated exchange for crypto assets released a mobile trading app for Android and iOS users.

Four Issuers Launched Crypto ETPs in Europe

With CoinShares leading the way with exchange-traded products tracking the performance of Bitcoin, Ethereum, Litecoin, and more digital assets launched in Europe this year, the trend has only intensified, and multiple other companies want a share of that pie.

Those names include WisdomTree, ETC Group, VanEck, and 21Shares. ETC Group was among the latest to outline such plans as its BTCE Bitcoin product will be available for trading as of June 7th on the Aquis Exchange MTFs in London and Paris.

According to the statement, it will become the first physically-backed Bitcoin ETP on a UK exchange. Trading will be available in GDP, CHF, Euro, and USD. The decision to launch such a product came after research showing that 53% of European professional investors prefer trading Bitcoin via an ETP, the company explained.

VanEck, whose Bitcoin ETF application in the US is being reviewed by the SEC, became the “first provider to list its crypto ETPs on the Euronext stock exchanges in Amsterdam and Paris,” the firm revealed earlier. The statement said investors will be able to get exposure to BTC and ETH “without having to buy them themselves.”

21Shares also listed three crypto ETPs in Paris. Interestingly, the firm also allowed investors to employ a short strategy on BTC.

WisdomTree has been at the forefront of crypto ETPs, especially in Europe. The company’s BTC and ETH exchange-traded products are now available on Euronext exchanges in Frace and the Netherlands after being fragmented in Switzerland and Germany only until recently.

Germany’s Regulated Crypto Exchange Release Apps

In another development coming from Europe, Germany’s first regulated trading exchange, Börse Stuttgart Digital Exchange (BSDEX), released a mobile application for iOS and Android.

Essentially, users will be able to utilize the BSDEX mobile app to trade BTC, ETH, LTC, XRP, and other digital assets available on the regulated exchange. It will operate similarly to the desktop version as it includes all main functions.

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *