The Bulgarian stock exchange BSE International announced the launch of trading in eight exchange-traded bonds for bitcoin and ether.
According to a press release from the BSE, exchange clients have the opportunity to trade exchange-traded bonds (ETN) that track the exchange rate of bitcoin and ether. We are talking about products from ETC Group, VanEck, 21Shares and WisdomTree. Cryptocurrency ETNs are denominated in euros and are traded during the exchange session. The liquidity of the products is ensured by BSE’s partnership with Deutsche Börse and exchange operator Tradegate AG.
BSE CEO Manyu Moravenov said that the exchange has decided to follow the example of major European platforms Deutsche Börse and Euronext, allowing trading of products related to cryptocurrencies. So, in 2020, VanEck launched Bitcoin ETN on the Xentra site of the Deutsche Börse stock exchange, and in 2021, the Bitpanda investment platform did it.
“The launch of ETN on bitcoin and ether will accelerate the adoption of cryptocurrencies at the international level. Investors do not have to create cryptocurrency wallets or cryptographic keys. At the same time, they will be sure that the instruments they choose are regulated and comply with regulatory requirements,” Moravenov said.
A few months ago, the Mexican stock exchange Bolsa Mexiacana de Valores (BMV) announced that it was also considering the possibility of listing financial instruments based on cryptocurrencies. BMV called digital assets a step towards the “evolution of money”.
Source: Bits
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
