Swedish Nordic Growth Market to Launch Crypto ETP

Now investors from the EU, which can trade on the Nordic Growth Market, Swedish unit of Boerse Stuttgart can work with LTC and XRP ETP
04 April 2019   1158

Trading platform Nordic Growth Market, which is the Swedish division of the second largest German stock exchange Börse Stuttgart Group, began trading ETP based on digital currencies Ripple and Litecoin. Four ETPs (two for XRP and LTC each) are issued by XBT Provider.

This is an important moment for traditional investors and the crypto community alike as LTC and XRP now, effectively, have an ISIN number. This was not an easy feat and a lot of credit is due to our MD of XBT Provider, Laurent Kssis and his counterparts at NGM for their expertise in navigating the complexities of the traditional system and bringing these new digital asset products to market for investors.
 

Ryan Radloff

CEO, CoinShares, parent to XBT Provider

Now investors from the EU, which can trade on the Nordic Growth Market, can use their brokerage (Avanza, Nordnet), trading or even preferential accounts (ISK in Sweden or SIPP in the UK) to passively work with these digital assets.

Note that in 2015, XBT Provider launched the first bitcoin-based security on the Nasdaq Stockholm Stock Exchange. The asset was named Bitcoin Tracker One (BTO).

At the end of 2017, support for the first Ethereum index bonds (ETN) was added to Nasdaq Stockholm.

In the summer of 2018, XBT Provider made a listing of Bitcoin-ETN, the value of which is displayed in US dollars, since the price of the BTO was previously quoted only in euroa and Swedish krona.

At the end of January 2019, Börse Stuttgart launched its own application for trading cryptocurrency called Bison. Bidding through the application is available seven days a week from 06:00 to 24:00 local time.

It is important to emphasize that stock products based on cryptocurrency are traded not only in Sweden. The largest Swiss stock exchange, SIX Exchange, already has Bitcoin, Ethereum and Ripple based ETPs. The product developer is Amun AG.

Poloniex Wants to be Tron Super Representative

If the exchange will be elacted, it will be able to participate in the distribution of awards for one and a half million TRX daily
18 November 2019   67

The Poloniex cryptocurrency exchange this Monday announced the nomination of its candidacy for the role of validator in the blockchain project system TRON.

If successful, the exchange will be able to participate in the distribution of awards for one and a half million TRX daily. At the time of publication, she ranks 92nd in the general list of candidates with 32,626 votes, while the last super-representative in the 27th position has 262,320,639 of them.

Some time before, Poloniex opened several trading pairs for the TRX exchange and announced an official collaboration with Justin Sun's project.