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• The Switzerland-based central counterparty clearing house SIX x-clear is authorized to look after clearing.
• For the first time, a cryptocurrency exchange-traded product (ETP) will be traded in the UK market or European MTFs.
• Aquis Exchange is one of the largest regulated exchanges in terms of value traded.
The ETC group recently announced that its BTCE Bitcoin would go live on the Aquis Exchange MTFs in London and Paris from June 7. The ETC Group is known for providing innovative digital asset securities, and the availability of BTCE in Aquis Exchange is a significant milestone for the firm. For the first time, this is because a cryptocurrency exchange-traded product (ETP) will be traded in the UK market or European MTFs.
CEO of ETC Group Says That Listing BTCE on Aquis Exchange was a Very Logical Step
Currencies like GBP, CHF, euro, and US Dollar will be accepted for trading the ETPs. Bradley Duke, CEO of ETC Group, said that most investors are optimistic towards secure crypto ETPs like BTC. This is because having them in their portfolios offers an effective hedge against economic inflation. The securities firm offers various physically-backed cryptocurrency ETPs on bitcoin, ether, and litecoin. Duke adds that bringing their flagship bitcoin product to trade in Aquis Exchange was an essential step to bolster mainstream crypto adoption.
ETC Group Lists Two More Exchange Traded Commodities on Euronext Exchange
The Switzerland-based central counterparty clearing house SIX x-clear is authorized to look after clearing. Marcus Harreus, Head SIX x-clear, said that the firm was highly delighted to be chosen as the only CCP to carry out the cleaning services. Aquis Exchange is one of the largest regulated exchanges in terms of value traded. This was the main reason why the ETC group chose them for carrying out this operation. Aquis sells over 1700 securities over 15 European markets and has plenty of features that prevent negative market impact.
The UK regulators have been very cautious of approving crypto-related activities. Back in January, the Financial Conduct Authority had imposed a ban on the sale of derivatives and exchange-traded notes. According to them, they were unsuitable for retail consumers because of the severe risk of their volatility. Recently, ETC Group listed two exchange-traded commodities, the BTCetc – ETC Group Physical Bitcoin and the ETHetc – ETC Group Physical Ethereum on the Euronext stock exchanges in Paris and Amsterdam.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
