Now Reading
Germany’s Second Largest Exchange Adds First Short Product

Germany’s Second Largest Exchange Adds First Short Product

Germany’s Second Largest Exchange Adds First Short Product-techcryption

Boerse Stuttgart, Germany’s second-largest stock exchange, has added a new inverse Bitcoin Exchange Traded Product (ETP). With that, the exchange becomes the lead to introduce the first short product available in the world.

The first crypto ETP is named 21Shares Short Bitcoin ETP and it allows traders to short Bitcoin, where it will be backed by the underlying asset at a ratio of 1:1. 21Shares Short Bitcoin ETP is also approved by the Swiss Financial Supervisory Authority (SFSA).

Apart from that, the 21Shares Short Bitcoin ETP is the first Bitcoin financial instrument wrapped as an ETP with an International Securities Identification Number (ISIN) and Wertpapierkennnummer (WKN).

See Also
binance tezos-techcryption

This is surely a good news to investors in Germany and other European markets as they can now get short exposure on BTC when the prices start to dump.

What's Your Reaction?
Angry
0
Confused
0
Excited
0
Happy
0
Okay
0
Sad
0
View Comments (0)

Leave a Reply

Your email address will not be published.

© 2020 Techcryption Media Sdn Bhd . All Rights Reserved

Scroll To Top