Backed by German stock exchange Börse Stuttgart, Nordic Growth Market (NGM) has announced the launch of the first XRP and LTC tracking, Exchange Traded Products (ETP) to EU investors.
Nordic Growth Market NGM AB (NGM) is an authorized stock exchange with operations in Sweden, Norway, Denmark and Finland. The exchange is a wholly-owned subsidiary of Boerse Stuttgart, the leading retail exchange in Germany.
The announcement highlights that any eligible investor whose brokerage or electronic trading platform has access to the NGM exchange can add passive LTC or XRP exposures to their brokerage, trading or, in some cases, tax-advantaged accounts such as an ISK (Sweden) or SIPP (UK) account.
The CEO of CoinShares, parent to XBT Provider says listing of crypto products was not an easy feat and "a lot of credit is due to our MD of XBT Provider, Laurent Kssis and his counterparts at NGM for their expertise in navigating the complexities of the traditional system and bringing these new digital asset products to market for investors."
Last month, the popular crypto-tracking website, CoinMarketCap announced it will list two cryptocurrency benchmark indices on NASDAQ GIDS, Bloomberg Terminals, Thomson Reuters Eikon (Refinitiv), and Börse Stuttgart.
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