Trading platform Nordic Growth Market, which is the Swedish division of the second largest German stock exchange Börse Stuttgart Group, began trading exchange products (ETP) based on digital currencies Ripple and Litecoin. Four ETPs (two for XRP and LTC each) are issued by XBT Provider.
“This is a very important moment for traditional investors and the cryptocurrency community, since XRP and LTC are assigned ISIN identifiers,” the press release said.
Now investors from the EU, which can trade on the Nordic Growth Market, can use their brokerage (Avanza, Nordnet), trading or even preferential accounts (ISK in Sweden or SIPP in the UK) to passively work with these digital assets.
Note that in 2015, XBT Provider launched the first bitcoin-based security on the Nasdaq Stockholm Stock Exchange. The asset was named Bitcoin Tracker One (BTO).
At the end of 2017, support for the first Ethereum index bonds (ETN) was added to Nasdaq Stockholm.
In the summer of 2018, XBT Provider made a listing of Bitcoin-ETN, the value of which is displayed in US dollars, since the price of the BTO was previously quoted only in euros and Swedish kronor.
Recall that at the end of January 2019, Börse Stuttgart launched its own application for trading cryptocurrency Bison. Bidding through the application is available seven days a week from 06:00 to 24:00 local time.
It is important to emphasize that stock products based on cryptocurrency are traded not only in Sweden. The largest Swiss stock exchange, SIX Exchange, already has Bitcoin, Ethereum and Ripple based ETPs. Product Developer is Amun AG.