Bitconnect : More European Stock Markets are Approving Bitcoin Trading

More European Stock Markets are Approving Bitcoin Trading

The demand from institutional investors toward bitcoin is increasing at a rapid rate. Professional travers and accredited investors are seeking for more exchange traded notes (ETNs) to trade bitcoin through a strictly regulated channel.

By law, certain organizations, individuals and firms are only permitted to invest in regulated financial instruments. Bitcoin is legalized in many countries including Japan, the Philippines, South Korea and the US, but in most cases, it does not qualify as a strictly regulated asset which investors can purchase.

Naturally, investors started to search for different methods of investing in bitcoin and other cryptocurrencies. Although most exchange traded fund (ETF) proposals for bitcoin investment vehicles were rejected by the US Securities and Exchange Commission (SEC) over the past 12 months, in Europe, many large-scale companies have been operating ETNs which can be traded over the stock market.

In Sweden, XBT Provider AB has been operating Bitcoin Tracker One, a bitcoin-based security traded on the NASDAQ OMX, a regulated stock exchange. In terms of liquidity, bitcoin remains as one of the most easily accessible and liquid assets in the world with a consistent daily trading volume of over $2 billion. Still, due to existing financial regulations, a fairly large portion of investors prefer to invest via Bitcoin Tracker One, which issues certificates to investors.

In an interview, XBT provider head of investor relations Ryan Radloff stated

Source: https://bitconnect.co/bitcoin-news/710/more-european-stock-markets-are-approving-bitcoin-trading/