In the history of Germany, the 2nd biggest stock exchange and the 9th largest in Europe Börse Stuttgart has sanctioned two new ETN’s(Exchange-traded Notes)- Litecoin (LTC) and XRP. According to a company press release, this is the first kind of announcement in Germany.
Börse Stuttgart has declared that like ETF’s, ETN’s are also strictly regulated, a transparent and protected instrument that can be used by an investor to invest in different assets or they can buy or sell ETN’s based on the cryptocurrencies Litecoin and Ripple. The company XBT Provider ETN on the Swedish stock market is supervising Litecoin and XRP ETNs. In Sweden’s Nordic Growth Market (NGM) XRP and LTC-based ETN’s are already trading Since April 4.
As like other exchange-traded products these cryptocurrencies Exchange-traded notes (ETN’s) are available for trading from 8:00 to 22:00 CET
Definitely, there will be a great move that reflects on Litecoin and XRP. Now, these two cryptocurrencies are on a massive amount of interest in digital currencies and respected stock exchange, their liquidity is likely to significantly increase. Till now it is undecided whether or not it will attract investors.
In the current year, Börse Stuttgart Group has already launched a mobile app, Bison for cryptocurrency trading with zero trading fees with built in the wallet for storing tokens. Presently with this app user will trade from 6 A.M. midnight CET (5:00 and 23:00 UTC) which will be increased in the future. The profit of this application will be from spread buying and selling price offered. In the future Bison is scheduled to expand in other European countries earlier this year.
https://medium.com/@rwaltzsoftware12/litecoin-and-xrp-lists-on-germanys-2nd-biggest-stock-exchange-b%C3%B6rse-stuttgart-cc7481e937b8
