Germany’s Eurex kicks-off trading in Bitcoin ETN futures
Europe’s largest derivatives exchange Eurex has officially started offering trading futures linked to Bitcoin ETN (exchange-traded notes).
The company had announced its plans to handle futures trading in late August, saying that its trading will begin on September 13.
The Bitcoin ETN futures is based on BTCetc, the ETC Group Physical Bitcoin, which is currently the world’s largest traded Crypto ETP.
In a blog post issued by Eurex, the company noted:
“With the euro-denominated Bitcoin ETN Futures, Eurex enables participants to trade the Bitcoin performance like any other Eurex product without needing additional operational steps. This unique ability to trade crypto derivatives within Eurex’s trusted trading, clearing, and settlement infrastructure will advance cryptos as a new asset class.”
The other bitcoin ETNs listed on Germany’s Xetra platform are ETC Group, crypto ETP issuer 21Shares, and US asset manager VanEck.
The post Germany’s Eurex kicks-off trading in Bitcoin ETN futures appeared first on Our Bitcoin News.
OhNoCryptocurrency via https://www.ohnocrypto.com/ @Gauri Bhatia, @Khareem Sudlow
