• Thu, 22 Aug 2019, 09:16 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Boerse Stuggart lists exchange-traded notes on Litecoin and XRP

Tue, 14 May 2019, 05:27 am UTC

Boerse Stuggart, the second largest stock exchange in Germany, has announced the launch of exchange-traded notes (ETNs) on Litecoin (LTC) and Ripple (XRP) on its platform.

Investors in Germany would now be able to buy and sell ETNs based on LTC and XRP and participate in the future price development of these cryptocurrencies. The products have already been tradable in Sweden at the NGM exchange, a subsidiary of Boerse Stuttgart, since April.

The crypto ETNs can be traded at Boerse Stuttgart between 8:00 and 22:00 hours CET.

According to the announcement, the four securities issued by XBT Provider in Sweden track the price of the two cryptocurrencies in relation to the euro and the Swedish krona.

“There is a lot of interest in cryptocurrencies. These ETNs will allow investors in Germany to track future price developments of the two cryptocurrencies Litecoin und Ripple (XRP) through exchange-traded securities for the first time,” Jürgen Dietrich, Director Blue Chips & Funds Trading at Boerse Stuttgart, said.

Boerse Stuttgart first announced its plans to create the end-to-end infrastructure for digital assets back in August 2018. In December, it partnered with fintech company solarisBank to develop crypto trading venue.

Earlier this year, it launched cryptocurrency trading app BISON, which allows users to trade in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). In March, it announced a joint venture for digital asset trading with Axel Springer SE, the largest digital publishing house in Europe, and finanzen.net portal.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,978.26 (-2.13%)
  • Ethereum (ETH) $186.18 (-1.02%)
  • XRP (XRP) $0.264000 (-0.66%)
  • Bitcoin Cash (BCH) $297.32 (-1.07%)
  • Litecoin (LTC) $72.60 (+0.32%)
  • Bitcoin (BTC) $9,978.26 (-2.13%)
Aug 22, 2019 (Thursday)
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
07:24
Travelport, IBM, BCD Travel to develop blockchain solution for hotel commissions
07:19
Trade.io ends relationship with Forbes CryptoMarkets portal
06:25
Winklevoss twins-owned crypto exchange Gemini expands to Australia
06:20
South Korea’s Woori Financial to develop blockchain-based financial services with Ground X
06:17
Crypto Technicals: Bitcoin Gold hits 5-month lows below $13, momentum studies bearish
05:39
Digital securities platform Securitize becomes SEC-registered transfer agent
04:01
Indian Supreme Court grills RBI for cryptocurrency banking ban
03:49
Cryptopia customers did not have individual wallets; liquidator Grant Thornton to manually determine crypto ownership
03:34
Korean crypto exchange Prixbit shuts down over financial crisis
03:31
Crypto Technicals: BTC/USD below $10K, breach of 'Symmetric Triangle' could plummet prices further
Aug 21, 2019 (Wednesday)
12:56
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:27
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:25
European Commission looks into “potential anti-competitive behavior” of Facebook's Libra: Report
11:10
Thailand’s Siam Cement Group seeks to expand Corda-based ‘Procure to Pay’ solution to 2,400 suppliers by 2020
10:40
Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside
10:21
Blockchain settlement startup Fnality adds former UBS and IMF executives to management team
09:17
Austrian telecom giant A1 to offer cryptocurrency payment option
09:02
Japan's Amaten, Aelf to revolutionize gift card market using blockchain
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft