Deutsche Boerse-owned Eurex debuts Bitcoin futures trading

Eurex, a derivatives change owned through German inventory marketplace operator Deutsche Boerse, has debuted cryptocurrency derivatives buying and selling with ETC Staff’s Bitcoin (BTC) exchange-traded observe (ETN) futures product.

Eurex formally introduced Monday the release of the Bitcoin ETN Futures contract advanced through London-based crypto derivatives issuer ETC Staff.

“As step one in our portfolio of crypto derivatives, the providing is the primary regulated marketplace in Bitcoin-related derivatives in Europe,” Eurex stated.

The euro-denominated Bitcoin ETN Futures contract is in keeping with ETC Staff’s flagship product, centrally cleared Bitcoin exchange-traded product (ETP), referred to as BTCetc Bodily Bitcoin (BTCE). The futures contract lets in buyers to trace the cost construction of Bitcoin in a regulated surroundings and shall be bodily delivered in BTCE, which is 100% sponsored through Bitcoin and can also be right away transformed through any investor into the underlying BTC.

ETC Staff CEO Bradley Duke famous that the most recent record marks any other primary milestone in offering establishments with monetary merchandise that allow publicity to crypto on regulated exchanges. “The choice of BTCE through Eurex, Europe’s greatest derivatives change, additional establishes ETC Staff’s management within the crypto ETPs and is reputation of the standard of our merchandise and their world-beating liquidity,” he famous.

Comparable: Swiss Trade SIX granted approval to release crypto market

The Bitcoin ETN Futures’ record on Eurex comes greater than a 12 months after ETC Staff indexed its BTCE ETP product on Xetra, a big virtual inventory change operated through Deutsche Boerse. The ETP is now indexed on a couple of Eu exchanges, together with the SIX Swiss Trade. In July, ETC Staff introduced that BTCE was once going carbon impartial through offsetting the carbon footprint thru hand-selected carbon credit to make amends for carbon emissions related to BTCE Bitcoin mining.

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