Bitcoin
$ 42,278
Ethereum
$ 2,942.4
Litecoin
$ 155.04
okex ads

Leading European Derivatives Exchange Eurex Launching Bitcoin ETN Futures After Seeing ‘Significant’ Institutional Demand

The largest European futures and options market, Eurex, is launching a bitcoin exchange-traded note (ETN) futures. The derivatives arm of Deutsche Börse Group said, “This offering will be the first regulated market in bitcoin-related derivatives in Europe.”

Eurex Launching ‘First Regulated Market in Bitcoin-Related Derivatives in Europe’

Eurex Exchange, the largest European futures and options market, announced Friday the launch of bitcoin exchange-traded note (ETN) futures. Eurex is part of the Deutsche Börse Group.

“The new futures contract will be traded in euro and physically delivered in bitcoin ETNs,” the exchange explained, adding that its launch is planned for Sept. 13. The announcement details:

This offering will be the first regulated market in bitcoin-related derivatives in Europe … With the new contract, Deutsche Börse Group’s derivatives arm offers clients access to the price of bitcoin in a regulated on-exchange and centrally cleared environment.

The futures contract is based on Btcetc (Ticker symbol: BTCE, ISIN: DE000A27Z304), the first centrally cleared bitcoin exchange-traded product (ETP). It is listed on the Frankfurt Stock Exchange and has been among the most heavily traded ETF/ETN contracts on Deutsche Börse XETRA, Germany’s largest stock exchange, since its start in June last year.

“Both the underlying ETN, as well as the futures, trade, clear and settle on Deutsche Börse Group’s proven infrastructure,” the announcement continues.

Randolf Roth, a member of the Eurex Executive Board, commented:

There is significant demand from institutional investors to gain bitcoin exposure in a secure and regulated environment. We are pleased to be the first regulated exchange to offer this innovative contract.

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

State Bank of India Blocks Payments to Cryptocurrency Exchanges on UPI Platform
September 22, 2021By
EST GLOBAL OF DR SINDHUR ALONG SIDE ANDA GLOBAL, AND AFCFTA POLICY NETWORK PARTNERS ON AGRIBUSINESS IN AFRICA.
September 22, 2021By
Cross-Chain Platform Idexo Raises $2.5 Million, To Accelerate Rollout of NFT and Gaming APIs
September 22, 2021By

Advertisement

Video Posts

In
Impact Of Technology On 4.0
July 6, 20210
In
Importance Of Cryptography
July 3, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,278 0.16 % 2.52 % 10.31 %
Ethereum2,942.4 0.88 % 3.85 % 14.10 %
Tether1.000 0.05 % 0.33 % 0.23 %
Cardano2.110 0.36 % 3.10 % 12.13 %
Binance Coin361.41 0.40 % 3.09 % 12.77 %
XRP0.9261 0.15 % 1.97 % 15.52 %
Solana129.72 0.12 % 8.01 % 17.57 %
USD Coin1.000 0.08 % 0.11 % 0.00 %
Polkadot28.85 1.26 % 2.53 % 23.12 %
Dogecoin0.2105 0.15 % 2.16 % 12.68 %

You have not selected any currencies to display