Wiener Börse, the Vienna Stock Exchange, has begun supporting a Bitcoin-based product. As reported by 21Shares AG, a crypto derivatives issuer, the exchange-traded products (ETPs) based on the networks of Bitcoin and Ethereum. Trading began on the exchange in early September under the respective tickers ABTC and AETH.
The Vienna Exchange’s head of development, Thomas Reiner, noted that this will enable local “savvy traders” to benefit from what the stock market has to offer to crypto enthusiasts, including “traceable, well-regulated and completely transparent trading procedures in real-time with secure settlements through regulated brokers.”
Hani Rashwan, who is the CEO of 21Shares, said that thanks to the listing on Wiener Börse, Bitcoin ETP is now available in the markets of Austria, Switzerland, and Germany.
The Singapore Exchange (also known as SGX) in a similar fashion launched the Bitcoin and Ether Price Index in partnership with CryptoCompare. The tools do not allow bidding but can be used by local companies wishing to launch custom products that are based on a data source. Simon Karaban, SGX’s head of index services, said:
“The world is rapidly moving towards digitalization in terms of creation and accumulation of wealth, this is why digital assets are becoming more widespread among investors.”
