Deutsche Börse launched the third cryptocurrency ETP on the German stock exchange. 21Shares (formerly Amun), has launched ETP on bitcoin on the Xetra electronic trading platform.
Bitcoin ETP was approved this week for listing on Xetra – the electronic trading platform of the German stock exchange Deutsche Börse.
“The Xetra listing not only strengthens our current position in Germany but also opens up access to institutional-grade cryptocurrency products for wider European and international markets,” said 21Shares managing director Laurent Kssis.
Deutsche Börse Group has two trading floors: Xetra and the Frankfurt Stock Exchange. Together, they are considered the third largest trading platform in Europe, after the London Stock Exchange and Euronext. Last month on Xetra, another ETC appeared on Bitcoin with the BTCE ticker, launched by the British company ETC Group.
Recall that at the beginning of the year, 21Shares launched a financial product on the Swiss Stock Exchange for traders who predict a drop in the price of bitcoin – the reverse ETP for bitcoin. Last November, the company also launched ETP on the XTZ on the Swiss Stock Exchange, and in October ETP on the BNB was launched on SIX and an ETP listing on BTC and ETH was conducted.
By this time, ETP from Amun AG based on BTC, LTC, BCH, ETH, XRP and two composite products had already been presented on the exchange. In addition, in December, Amun received approval from the Swedish Financial Supervisory Authority (SFSA) for the sale of cryptocurrency ETP to retail investors in the EU.