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Two stock exchanges adopt Bitcoin and Ethereum

Cryptocurrency

The Vienna Stock Exchange officially listed the cryptocurrency in its offers, while the Singapore Stock Exchange unveiled its plan to list crypto price indices

Vienna Stock Exchange

Wiener Börse (Vienna Stock Exchange), one of the oldest exchanges in the world, will now become the third “official regulated market”Globally to adopt cryptocurrency.

The exchange announced the crypto products, namely 21Shares Ethereum ETP (AETH – WKN A2T68Z – Ticker 21XE) and 21Shares Bitcoin ETP (ABTC – WKN A2T64E – Ticker 21XB) yesterday.

21Shares confirmed the news with a tweet saying: “Exciting news today, our #Bitcoin and #Ethereum ETPs – ABTC and AETH are the first crypto-centered ETPs admitted to @wiener_boerse, the Vienna Stock Exchange, one of the most established exchanges in Central, East and Southeast Europe!

The head of development at Wiener Börse, Thomas Rainer, spoke of the benefits that the change will bring.

According to Rainer, the listing offers “experienced local investors”The opportunity to take advantage of the benefits that the stock market offers crypto investors. Some of these advantages include “monitored, regulated and transparent trading with real-time information and secure settlement through your regular brokers”.

The listings mean that Bitcoin ETPs are available in Austria, Switzerland and Germany.

We are happy to share that Bitcoin is now accessible everywhere, both for retail and institutional investors across the DACH region”Said Rashwan. “Outside the DACH region, no other jurisdiction globally provides such comprehensive and broad access to Bitcoin”.

Singapore Exchange

The Singapore Exchange (SGX) also announced that it would list price indices for Ethereum & Bitcoin in collaboration with CryptoCompare – the UK-based data cryptocurrency firm.

While this is good news from the point of view of increasing cryptocurrency adoption, it does not have the same benefits for SGX traders as the Vienna Stock Exchange. This is because the indices do not allow investors to trade cryptocurrency. On the positive side, price feeds will help local businesses to track fluctuations in crypto assets in real time.

As the world moves rapidly towards digitalization in the creation and accumulation of wealth, digital assets are increasingly being adopted by investors”Explained Simon Karaban, head of index services at SGX.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.