Copenhagen primarily based multi asset dealer Saxo Financial institution has introduced that it now provides shoppers entry to commerce the Ethereum Change Traded Notes (ETNs) issued by XBT Supplier AB which have been listed on Nasdaq OMX Stockholm inventory trade earlier this week.
As beforehand introduced, Saxo Financial institution additionally provides shoppers entry to 2 Bitcoin Tracker ETNs additionally listed on Nasdaq OMX Stockholm.
The 4 ETNs are traded with out leverage and can be found on Saxo Financial institution’s multi-asset buying and selling platforms, SaxoTraderGO and SaxoTrader.
Claus Nielsen, Head of Markets at Saxo Financial institution feedback:
We’ve growing consumer demand for publicity to cryptocurrencies and I’m more than happy that we are able to now provide shoppers publicity to each Bitcoin and Ethereum by way of Change Traded Notes. Cryptocurrency markets are nonetheless at an early growth stage and we discover that listed merchandise like ETNs with out leverage, providing excessive ranges of transparency, are good methods to incorporate cryptocurrencies in our multi-asset product providing spanning greater than 35,000 devices. We proceed to observe the developments in cryptocurrency markets and count on to in a position so as to add extra devices to our providing going ahead.
The previous few weeks have been busy ones at Saxo Financial institution. As was first reported at LeapRate, China’s Geely Group took over control of Saxo Bank whereas Finland’s Sampo joined as a significant investor. Geely and Sampo purchased out current shareholders TPG Capital and SinarMas. Geely Group now owns 51.5% of Saxo Financial institution, Sampo owns 19.9%.
Saxo Financial institution additionally inked a deal throughout September to increase in Italy, reaching an agreement with Banca Generali to ascertain an unique partnership to supply on-line buying and selling and digital providers.