HomeLatest NewsSingapore and Vienna’s stock exchanges adopt BTC and ETH

Singapore and Vienna’s stock exchanges adopt BTC and ETH

September 2, 2020 By CoinJournal Press Team

The Vienna Stock Exchange has officially listed crypto in its offerings whereas the Singapore Exchange revealed its plan to list crypto price indexes

Vienna Stock Exchange

The Wiener Börse (Vienna Stock Exchange), one of the oldest exchanges in the world, will now become the third “official regulated market” globally to embrace cryptocurrency.

The exchange announced the crypto products i.e. 21Shares Ethereum ETP (AETH – WKN A2T68Z – Ticker 21XE) and the 21Shares Bitcoin ETP (ABTC – WKN A2T64E – Ticker 21XB) yesterday.

21Shares confirmed the news with a tweet reading, “Exciting news today, our #Bitcoin and #Ethereum ETPs — ABTC and AETH are the first crypto-centric ETPs admitted on @wiener_boerse, the Vienna Stock Exchange, one of the most established exchanges in Central, Eastern, and Southeastern Europe!”

Head of Development at Wiener Börse, Thomas Rainer, spoke of the advantages that the move will bring.

According to Rainer, the listing offers “experienced, local investors” an opportunity to enjoy the benefits that a stock market gives to crypto investors. Some of these perks include “monitored, regulated, and transparent trading with real-time information and secure settlement via their regular brokers”.

The listings means that the Bitcoin ETPs are available in Austria, Switzerland and Germany.

“We are happy to share that Bitcoin is now accessible everywhere for both retail as well as institutional investors across the entire DACH region,” said Rashwan. “Outside the DACH region, no other jurisdiction globally provides such comprehensive and ample access to Bitcoin”.

Singapore Exchange

The Singapore Exchange (SGX) also announced that it would list price indexes for Ethereum & Bitcoin in collaboration with CryptoCompare- crypto data firm based in the UK.

Although this is good news from the standpoint of increased adoption of crypto, it doesn’t bring the same benefits to SGX traders as the Vienna Exchange. This is becauses indexes don’t allow investors to trade crypto. On the bright side, the price feeds will help local companies track the fluctuations of the crypto assets in real-time.

“As the world moves swiftly towards digitization in the creation and accumulation of wealth, digital assets are increasingly being adopted by investors,” explained Simon Karaban, head of index services at SGX.