Stuttgart stock exchange, instead trading with Bitcoin ETP
With the Partner 21Shares the Stuttgart stock exchange launches the option trading on Bitcoin-based Futures. Not only institutional investors, are addressed.
Stock exchange to expand its involvement in the crypto sector
With time, new derivatives are always with respect to crypto-currencies, especially Bitcoin (BTC) plays of course a Central role. Stock exchanges, such as BitMex are increasingly developing models for buyers who do not want to or do not exclusively on a physical crypto-put buying. The U.S. CME Group recently launched with a new approach by the investors options on BTC Futures can trade. For some time, a lot happens in Germany, too. Above all, it is the Stuttgart stock exchange. The number two among the German stock exchanges secured in the past year with their new Bison App, currently the offer can celebrate, so to speak, his first birthday. Reason enough to introduce a new product.
Win if the Bitcoin price falls
It is an ETP is an Exchange-Traded product, a financial instrument for trading on the stock exchange. In the case of the Emission of the Stuttgart stock exchange works together with the former under the name of Amun operate a service provider 21Shares. Today (25.02.2020) gave it the appropriate announcement of the stock exchange. Who wanted to take as an Investor is already Short-Trading on the Basis of the Bitcoin in attack, you can do it now. This is a question that market participants are betting specifically on falling prices. This expectation, waving through considerable returns. Fees for the management of the positions are calculated daily and deducted. A completely new product, the “Short Bitcoin ETP” (or in short: SBTC) of the exchange partner 21Shares are not. Rather, an Expansion of the current offering of SIX Swiss Exchange is, in a sense, as the largest stock exchange in the Alpine Republic of Switzerland.
Partner 12Shares offers further cryptographic ETPs
The Stuttgart stock exchange expects the new offer to extend your current audience once again. Important for the here offered SBTC model: He is secured in the ratio of 1:1 by the common currency, the Euro. For 21Shares cooperation is also an important step, whereby the Portfolio in Switzerland, a number of financial derivatives tied to the BTC rate, but also to Ethereums currency Ether, the Binance Coin and some other Coins are already available. In the approval of ETPs by Sweden’s financial Supervisory authority, the 21Shares Management sees nothing less than a milestone, by the otherwise rather traditionally active investors now in the crypto area can join. Both institutional as well as private German (but also Europe-based) investors in the future, other ETPs act.
Featured Image: By Andreas Marquard | Shutterstock.com
