Bitcoin ExchangeTraded Crypto (ETC) will become the first Bitcoin exchange to be centrally cleared and list on the Deutsche Borse exchange called XETRA, according to a press release.
This ETC will track the price of Bitcoin and will be 100% physically backed, making it a safe investment for users looking to get involved with investing in digital assets.
On top of this news, this will also be the first crypto-related product to list on XETRA as well. Instead of asking potential investors to put money directly into Bitcoin, which is quite volatile, this platform offers them the regulatory and safety measures offered by more conventional exchanges.
That, and the platform provides a cryptocurrency wallet for investors, and has a securities broker manage the assets as well. This way, it doesn’t matter if the investor has any knowledge of the space. They can put money in regardless.
Speaking on the matter is Bradley Duke, the CEO of ETC Group, who said:
“BTCE brings the transparency and investor protection that regulators and institutional investors require to the world of Bitcoin. The crypto sector has been held back by concerns about complexity, accessibility and governance. With BTCE, we are transporting Bitcoin into the FOLD of mainstream, regulated financial markets. Investors get the benefits of trading and owning Bitcoin through a regulated security. while having the optionality of redeeming Bitcoin if they choose.”
