Singapore and Vienna and stock exchanges embrace Bitcoin and Ethereum.
The Wiener Börse, or the Vienna Stock Exchange, has become the third “official regulated market” worldwide to list a Bitcoin (BTC) product.
The listing allows local, experienced investors to access the benefits that a stock market can offer to crypto traders. This includes “monitored, regulated, and transparent trading. Traders will have real-time information and secure settlement via their regular brokers.”
Wiener Börse’s listings mean that the Bitcoin ETPs are now available to all three ‘DACH’ nations. These are Switzerland, Germany, and Austria.
No other jurisdiction globally provides such comprehensive and ample access to Bitcoin outside the DACH region.
Bitcoin ETPs and 21Shares’ Ethereum were also admitted to listing on Deutsche Boerse’s XETRA reference market in July. The market hosts more than 90% of German share trades and roughly 30% of European ETF trading. 21Shares has attracted more than $100 million worth of assets under management in less than two years of operating.
Singapore Exchange (SGX) announced it would list price indexes for Ethereum and Bitcoin in partnership with U.K.-based crypto data firm CryptoCompare. This is another boost to the institutional adoption of cryptocurrency.
Usually, the indexes do not enable SGX users to trade cryptocurrencies. But the price feeds can be used by other Singaporean firms seeking to launch ETH or BTC products to track the price fluctuations of the crypto assets. The fluctuations can be tracked in real-time from a trusted source.
Investors are increasingly adopting digital assets. This is as the world moves swiftly towards digitization in the creation and accumulation of wealth.
The global pandemic has led to the adoption of blockchain technologies by Singapore and several other Asian countries.
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Crypto Business World
CBW - External Analyst