Saxo Bank Adds Ethereum Tracker
Saxo Bank now offers clients access to trade the Ethereum ETNs issued by XBT Provider AB which were listed on Nasdaq OMX Stockholm stock exchange earlier this week.
As previously announced, Saxo Bank also offers clients access to two Bitcoin Tracker ETNs also listed on Nasdaq OMX Stockholm
The four ETNs are traded without leverage and are available on Saxo Bank’s multi-asset trading platforms, SaxoTraderGO and SaxoTrader.
Claus Nielsen, Head of Markets, at Saxo Bank comments: “We have increasing client demand for exposure to cryptocurrencies and I am very pleased that we can now offer clients exposure to both Bitcoin and Ethereum through Exchange Traded Notes. Cryptocurrency markets are still at an early development stage and we find that listed products like ETNs without leverage, offering high levels of transparency, are good ways to include cryptocurrencies in our multi-asset product offering spanning more than 35,000 instruments. We continue to follow the developments in cryptocurrency markets and expect to able to add more instruments to our offering going forward.”
Source: Saxo Bank
Distributed ledger technology is disrupting the legacy siloed approach to assets.
The public software code helps firms better understand their IT environments.
New products include the launch of a SONIA futures contract.
This is the French bank’s first equity investment in a fintech.
Short-term rise in share prices is valued more than sustainability.