Cardano (ADA) and Stellar Lumens (XLM) Can Now Be Traded At Boerse Stuttgart Digital Exchange
AI Trading

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.

Read Also: 21Shares AG to Launch World’s First Cardano (ADA) and Stellar Lumens (XLM) ETPs on Swiss Stock Exchange

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.

AI Trading

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.

Read Also: ADA Hits Price Milestone of $1.68 As Cardano Awaits More Developments

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

Read Also: World’s Leading Asset Manager with over $1.4 Trillion To Issue New Fund on Stellar Blockchain

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.

Follow us on Twitter, Facebook, Telegram, and Download Our Android App

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.