Two stock exchanges are preparing to accept cryptocurrencies.
There are now three government approved markets in the world that accept BTC. The third and most recent is The Vienna Stock Exchange, also known as Wiener Börse.
Now on the list are exchange-traded products (ETPs) from 21 Shres AG namely, ABTC, and AETH.
Head of development at Vienna Stock Exchange, Thomas Rainer, encouraged crypto traders to come on board because there are more advantages of getting the same deals through the stock market. He said crypto traders are sure of getting “monitored, regulated, and transparent trading with real-time information and secure settlement via their regular brokers.”
According to the CEO of 21Shares, Hany Rashwan, the listings show that one can now get Bitcoin ETPs in 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.”
He continued by saying “Outside the DACH region, no other jurisdiction globally provides such comprehensive and ample access to Bitcoin”
Two months ago, Deutsche Boerse’s XETRA reference market also decided to add the ETPs of Ethereum and Bitcoin from 21Shares on its platform. The market has more than 90% share trades in Germany and approximately 30% of ETFs in Europe. Even though 21Shares is not up to two years old, it has done marvelously by attracting investors who have deposited assets worth $100 million for its management.
Also, to increase the acceptance of cryptocurrency, Singapore Exchange (EGX) and CryptoCompare from the U.K. are partnering to see that Bitcoin and Ethereum price indexes will be listed.
Although the indexes do not mean that SGX users can now trade cryptocurrencies, it gives them the opportunity to know more about current prices in the market.
The head of index services at SGX, Simon Karaban, is happy with what’s happening because according to him:
“As the world moves swiftly towards digitization in the creation and accumulation of wealth, digital assets are increasingly being adopted by investors.”