Vienna Stock Exchange Lists Bitcoin (BTC) Product

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The Vienna Stock Exchange announced that it is now offering Bitcoin (BTC) and Ethereum (ETH) products to investors that want to gain exposure to the crypto market. According to the official press release, 21Shares was in charge of the new issuing of these two crypto products.

Vienna Stock Exchange Announces New Crypto Products

The new crypto products are now available to investors on the official market of the Vienna Stock Exchange. The value of the currencies will be replicated 1:1 in these shares and it would allow investors to gain exposure to the crypto market without owning the underlying asset. 

Institutional and traditional investors can use this regulated marketplace in order to get access to the two largest virtual currencies in the world. Just using a regular broker account, investors would have the possibility to get access to digital assets through the Vienna Stock Exchange. 

Thomas Rainer, the Head of Business Development at the Vienna Stock Exchange, explained that virtual currencies are a great way for investors to diversify their portfolios. 

On the matter, Mr. Rainer stated:

“Crypto-currencies offer experienced investors a new opportunity to diversify their portfolio. With the listing, we widen the selection of asset classes on the Vienna Stock Exchange.”

He went on saying that investors will also profit from monitored, regulated and transparent trading using the Vienna Stock Exchange. At the moment cryptocurrency exchanges and platforms are certainly not as trusted as traditional stock exchanges. Traditional and larger investors do not feel comfortable using retail-focused crypto trading platforms. 

As Rainer explained, investors will also have the possibility to get real-time information and secure settlement using their regular broker’s account. 

It is worth mentioning that the Vienna Stock Exchange is not the first one in the world offering Bitcoin-related products to users. 

For example, the Singapore Exchange (SGX) announced they are launching cyrpto indices under the SGX iEdge Index Suite. Two virtual currencies will be available under the iEdge Bitcoin Index and iEdge Ethereum Index names.

The SIX Swiss Exchange is already offering 12 different crypto exchange-traded products (ETPs) for investors that want to gain access to the cryptocurrency market. 21shares is also working with the SIX Swiss Exchange, showing they have experience in the market and they have been providing high-quality investment tools to traders and investors.

Other listed crypto products include Bitcoin Cash, Ethereum, XRP and BNB, the digital currency of the Binance exchange.

Via: 2Usethebitcoin.com

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