German exchange Boerse Stuttgart announced the addition of four new trading instruments based on XRP and LTC.
Germany’s 2nd Largest Stock Exchange Selling LTC & XRP
XBT Provider has introduced exchange-traded notes (ETN) that track the value of Ripple (XRP) and Litecoin (LTC) against the Euro and Swedish krona. New tools allow investors to access cryptocurrencies without actually buying them.
Boerse Stuttgart says there is a growing interest in virtual currencies in the market. The new instruments will allow German investors to future fluctuations in the rates of the two underlying cyto currencies. Crypto ETNs, like other exchange-traded products, are available for trading from 8:00 to 22:00 local time (CET).
Although these are the first cryptocurrency ETNs in Germany, similar instruments have been available since April 4 on the Swedish exchange Nordic Growth Market, owned by Boerse Stuttgart. In February, the Stuttgart Stock Exchange also launched the Bison mobile cryptocurrency trading app..
text: Ivan Malichenko, photo: tagx
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