The Vienna Stock Exchange or Vienna Stock Exchange is currently the third regulated market in the world that lists a product based on Bitcoin (BTC).
September 1st The exchange opened trading in 21 Bitcoin and Ethereum products (ETH) from Shares AG, “ABTC” and “AETH”.::
Exciting news today, ours #Bitcoin and #Ether ETPs – ABTC and AETH are the first cryptocentric ETPs to be approved @wiener_boerse, the Vienna Stock Exchange, one of the most established stock exchanges in Central, Eastern and Southeastern Europe! https://t.co/jX3UOnsytA
– 21Shares (@ 21Shares_) 1st September 2020
Thomas RainerThe development manager of the Vienna Stock Exchange emphasized this The listing gives “savvy local investors” access to the benefits an exchange can offer cryptocurrency tradersThis includes “monitored, regulated and transparent trading with real-time information” and “secure processing by your usual brokers”.
The CEO of 21Shares, Hany Rashwan, stated that the listing on the Vienna Stock Exchange means this Bitcoin ETPs are now available for the three countries of the “DACH” group (Germany, Austria and Switzerland):
“We are pleased to announce that Bitcoin is now available for private and institutional investors everywhere in the entire DACH region.
“Outside of the DACH region, no other jurisdiction worldwide offers such broad and comprehensive access to Bitcoin.”
In July l21Shares Ethereum and Bitcoin ETPs were also listed on the XETRA benchmark market of Deutsche BörseMore than 90% of German equity trading and around 30% of European ETF exchanges are located here. In less than two years of operation, 21Shares has attracted more than $ 100 million in net worth.
Another push for the institutional introduction of cryptocurrencies comes from Asia: The Singapore Stock Exchange (SGX) announced that it plans to list the Bitcoin and Ethereum price indices in collaboration with UK data company CryptoCompare.
While the indices don’t allow SGX users to trade cryptocurrencies, other companies in Singapore want to bring products based on BTC or ETH to the market can use price sources to track asset price fluctuations in real time from a trusted source.
Simon Karaban, Director of Indexing Services at SGX, commented:
“As the world moves rapidly towards digitization of wealth creation and accumulation, investors are increasingly turning to digital assets.”