As a report has it, investors are now liable to buy and sell exchange-traded notes (ETNs) in form of Cardano (ADA) and Stellar Lumens (XLM) at Boerse Stuttgart Digital Exchange.
According to the report, the securities issued by 21Shares track the price of the two incorporated digital currencies, ADA and XLM, in relation to the Euro.
The report further stated that investors will benefit from the long trading hours of cryptocurrency ETNs at Boerse Stuttgart, as they can respond to the volatile crypto markets between 8:00 to 22:00 hours CET.
Users can trade a total of 22 ETNs on the listed digital currencies at Boerse Stuttgart, four of which were one of the 30 exchange-traded products with the highest order book turnover this year.
Back in November 2017, the first cryptocurrency ETNs were added at Boerse Stuttgart, the report said.
Reacting to the new development, Jürgen Dietrich, Director Blue Chips & Funds Trading at Boerse Stuttgart said:
“Interest in cryptocurrencies continues to grow, and market momentum remains strong. With the ETNs, investors can now participate in the price development of the two cryptocurrencies Cardano and Stellar through exchange-traded securities.”
About Boerse Stuttgart Digital Exchange
Boerse Stuttgart Digital Exchange (BSDEX) is Germany’s first regulated trading venue for digital assets where investors’ orders are implemented directly against each other according to fixed rules. Stellar Lumens
Boerse Stuttgart combines all the potential of blockchain technology with the reliability of an established financial market player.
BSDEX is the next step of Boerse Stuttgart Group in creating an end-to-end ecosystem for digital assets, thus driving the digital transformation of financial markets.