New Litecoin, and Ripple (XRP) – based ETP’s go live
Home News New Litecoin, and Ripple (XRP) – based ETP’s go live
Marcel Knobloch –
The adaptation of crypto currencies and the related exchange-traded products, paving the way for the mass use around the world. The American Supervisory authorities are currently reluctant crypto-to approve financial products, however, there is in this country showed good progress.
A new exchange-listed product for Litecoin (LTC) and XRP will start tomorrow on the Nordic Growth Market (NGM), a subsidiary of the Stuttgart stock exchange, Germany’s second largest stock exchange. According to the official press release, the two digital Assets EU investors for the first time “on a regulated stock exchange in addition to other traditional stock-exchange-listed assets such as shares or derivatives”.
The Stockholm-based XBT-Anbieterist for many cryptographic products, such as various price tracker and Bitcoin ETP, went to 2015 on the stock exchange Nasdaq Stockholm live responsible.
Ryan Radloff, CEO of CoinShares, the parent company of the XBT Provider, (freely translated):
For traditional investors who are interested in the trade, and already accounts with brokers such as Avanza or Nordnet, but may not be interested in new accounts with new, often unregulated crypto-exchanges are now two new crypto-Assets available. This is also important step in the professionalization of the infrastructure around this asset class.
The Litecoin trading started yesterday and XRP to start today. According to the XBT-a provider of each Trading certificate with the underlying assets hedged LTC and XRP in the ratio of 1:1. The collaboration with NGM is the second location of XBT Provider for crypto-currency listings. The company has introduced in the years 2015 and 2017, Bitcoin and Ether – Tracking products at the largest stock exchanges in the Americas, Nasdaq,. These products currently include assets in the amount of 374 million dollars.
So schweidsche and European investors via a regulated exchange access to two new digital assets, Litecoin and XRP. Recently was introduced to the biggest SIX Swiss exchange, XRP-based financial product. The exchange offers exchange-traded products for other crypto currencies BTC, Litecoin, Ethereum, and Bitcoin Cash.
Featured Image: designer491 | Shutterstock