02 Sep 2020 Anthony Lehrman
Stock Exchanges In Vienna And Singapore List Crypto-Related Products
The Wiener Börse, which is the original name of Vienna`s Stock Exchange, has become the third official regulated market globally that lists a Bitcoin product. In cooperation with 21 Shares AG, the stock exchange listed BTC and Ethereum exchange-traded products (ETPs) on the first day of September.
The stock exchange explained that the two ETPs, ABTC and AETH, are both products that are aimed at more experienced traders.
According to a press release by Viena’s stock exchange, “Experienced investors can thus participate in the developments of the crypto markets via their national stock exchange, a regulated marketplace, by using their regular broker's account.”
Also, the Head of Business Development at Vienna Stock Exchange Thomas Rainer emphasized that cryptocurrencies offer experienced investors a new opportunity to diversify their portfolios.
“With the listing, we widen the selection of asset classes on the Vienna Stock Exchange. Investors can profit from the stock exchange advantages in crypto trading: Monitored, regulated and transparent trading with real-time information and secure settlement", Rainer noted.
Furthermore, 21Shares AG’s CEO, Hany Rashwan, commented that with the Wiener Börse listing, their ABTC and AETH exchange-traded products would be now available for investors in the DACH region, which includes Germany, Austria, and Switzerland.
“We are happy to share that Bitcoin is now accessible everywhere for both retail as well as institutional investors across the entire DACH region. Outside of the DACH region, no other jurisdiction globally provides such comprehensive and ample access to Bitcoin”, Rashwan explained.
The Wiener Börse listing comes after Deutsche Boerse’s XETRA reference market listed the two ETPs in July. XETRA hosts around 90% of all share trades in Germany, as well as almost a third of Europe’s ETF trading.
Meanwhile, Singapore’s exchange (SGX) also made a move toward adopting cryptocurrencies by announcing Bitcoin and Ethereum price indexes listing. The listing comes after a partnership with CryptoCompare, a U.K.-based crypto data aggregator and news provider.
However, the SGX listing does not mean SGX users are eligible for trading cryptocurrencies. The price feed could be used by third parties to track real-time BTC and ETH price fluctuations, coming from a trusted institutional source.
Simon Karaban, SGX’s head of index services emphasized that “as the world moves swiftly towards digitization in the creation and accumulation of wealth, digital assets are increasingly being adopted by investors.”
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