Vienna and Singapore Stock Exchanges Add Bitcoin and Ethereum Products
Main page News, Cryptocurrency
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Sept. 2, 2020

Vienna's stock exchange Wiener Börse has just added support for new Bitcoin and Ethereum-based products. According to the crypto derivative issuer 21Shares AG, these new exchange-traded products (ETP) based on Bitcoin and Ethereum started to be available on the platform on September 1 under the tickers ABTC and AETH, respectively.

Wiener Börse's head of development, Thomas Rainer, said this will allow local "smart investors" to take advantage of the benefits that the stock market offers to crypto traders, including "monitored, regulated and transparent trading with real-time information and secure settlement via their regular brokers account."

21Shares CEO Hany Rashwan said that following the launch of this Bitcoin ETP at Wiener Börse, the product is now available in the German, Austrian and Swiss markets.

Singapore Exchange (SGX) has also launched a Bitcoin and Ethereum price index in collaboration with CryptoCompare. These indexes can be used by local companies interested in launching their own products based on a data source. SGX's head of index services, Simon Karaban, said:

"As the world moves swiftly towards digitalization in the creation and accumulation of wealth, digital assets are increasingly being adopted by investors."

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