Eurex to launch Bitcoin ETN Futures in September

TL;DR Breakdown • Eurex will partner with Deutsche Borse Group to launch its BTC ETN futures.• Deutsche Borse Group will become the first ETN exchange company in Frankfurt. Deutsche Borse Group, dedicated to exchanging shares in Frankfurt for almost three decades, has announced that it would allow cryptocurrency trade after a partnership with Eurex. According to local media, this would be one of the first offers related to Bitcoin in the regulated markets. This new derivatives contract will be launched on September 12, so there are only a few days left for cryptocurrency enthusiasts to anticipate this launch. The BTC Futures deal focuses on the Bitcoin ETP, which is available on the German stock exchange. The ETF / ETN has among its partners the German trading platform Xetra, which signed a contract since June 2020. BTC Futures arrives in Germany with Eurex and DBG company According to unofficial announcements, the BTC ETN is equal to 1/1000 of a BTC from its launch. This will be traded on the exchange and is backed while being exchanged for Bitcoin. All futures contracts can be traded in Euros, and the client will receive a physical Bitcoin ETN. With this working method, users can track the token’s value in a regulated and transparent ecosystem. This will allow investors to track how Bitcoin prices change on a regulated platform. All essential Bitcoin ETN futures will be traded, hedged, and settled on the Deutsche Bor...