Europe's Largest Stock Exchange Approves TRON-based ETN
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Sept. 20, 2021

Europe’s largest stock exchange, Deutsche Börse, will open its doors to TRON-based exchange traded notes (VTRX) from VanEck. According to an announcement, the ETN will be listed on Xetra on Sept. 21. Once the product is listed, traders from 14 EU countries could access the ETN.

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TRON Foundation, an entity dedicated to supporting the TRON ecosystem, says the listing is a "fresh testimony to TRON's robust crypto ecosystem and its successful drive to expand its global roadmap."

"It is also a significant milestone in TRON's effort to keep up with the evolving regulatory environment," the organization said.

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With VTRX, traditional investors could participate directly in the performance of TRON, without having to buy the digital currency themselves. The foundation also says the expansion to Deutsche Börse is part of TRON's new mission to become an "all-inclusive global settlement layer." For VanEck, the New York-based asset manager, this is not the first cryptocurrency-related ETN listed on Deutsche Börse's Xetra. In November 2020, the firm also listed its Bitcoin ETN on the German business-to-business marketplace.

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