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The Vienna Stock Exchange and the Singapore Exchange are warming up to cryptocurrency.
The Vienna Stock Exchange, or Wiener Börse, has become just the third âofficial regulated marketâ worldwide to list a Bitcoin (BTC) product.
The exchange listed 21 Shares AGâs Bitcoin and Ethereum (ETH) exchange-traded products (ETPs), âABTCâ and âAETHâ, on September 1.
Exciting news today, our #Bitcoin and #Ethereum ETPs â ABTC and AETH are the first crypto-centric ETPs admitted on @wiener_boerse, the Vienna Stock Exchange, one of the most established exchanges in Central, Eastern, and Southeastern Europe! https://t.co/jX3UOnsytA
â 21Shares (@21Shares_) September 1, 2020
Thomas Rainer, Wiener Börseâs head of development, emphasized that the listing allows âexperienced, local investorsâ to access the benefits that a stock market can offer to crypto traders, including âmonitored, regulated, and transparent trading with real-time information and secure settlement via their regular brokers.â
21Sharesâ chief executive, Hany Rashwan, highlighted that Wiener Börseâs listings mean that the Bitcoin ETPs are now available to all three âDACHâ nations â Germany, Austria, and Switzerland.
âWe are happy to share that Bitcoin is now accessible everywhere for both retail as well as institutional investors across the entire DACH region.â
He added: âOutside the DACH region, no other jurisdiction globally provides such comprehensive and ample access to Bitcoinâ
In July, 21Sharesâ Ethereum and Bitcoin ETPs were also admitted to list on Deutsche Boerseâs XETRA reference market, which hosts more than 90% of German share trades and roughly 30% of European ETF trading. In less than two years of operating, 21Shares has attracted more than $100 million worth of assets under management.
In another boost to the institutional adoption of cryptocurrency, Singapore Exchange (SGX) announced it would list price indexes for Bitcoin and Ethereum in partnership with U.K.-based crypto data firm CryptoCompare.
While the indexes do not enable SGX users to trade cryptocurrencies, the price feeds can be used by other Singaporean firms seeking to launch BTC or ETH products a way to track the price fluctuations of the crypto assets in real-time from a trusted source.
âAs the world moves swiftly towards digitization in the creation and accumulation of wealth, digital assets are increasingly being adopted by investors,â said Simon Karaban, SGXâs head of index services.
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