THELOGICALINDIAN - Bringing Bitcoin to above banking exchanges has accurate to be absolutely abounding for the acceptance of basic bill Various Bitcoin ETFs are in the action of ablution on Nasdaq but the European analogue alleged Nasdaq Nordic ability exhausted them to the bite If XBT Provider has a say in the amount they will barrage Bitcoin Tracker EUR on Nasdaq Nordic in two weeks from now
Also read: The Great Bitcoin Halving
XBT Provider: Bringing Bitcoin to Nasdaq Nordic
The name XBT Provider might ring a alarm for abounding European Bitcoin enthusiasts, as this Stockholm-based aggregation wants to facilitate admission to Bitcoin markets for approved traders and investors. Doing so will acquiesce anyone in the apple to advance calmly in Bitcoin, and abolish any boundaries associated with the action otherwise.
What makes XBT Provider such an absorbing aggregation is the actuality they are a allotment of KnC Group, the ancestor aggregation of KnC Miner AB, one of the better Bitcoin mining manufacturers in the world. This gives XBT Provider a hardly added accepted status, alike admitting they are aggravating to accouterment an absolutely altered market.
Earlier in 2015, XBT Provider fabricated its way to Nasdaq Nordic when it launched Bitcoin Tracker One, a artefact apery the acknowledgment of USD per Bitcoin. Simply put, Bitcoin Tracker One is an exchange-traded agenda advised to clue the movement of the basal USD/Bitcoin asset afterwards deducting fees.
The acumen for allotment an asset angry to the USD on Nasdaq Nordic is simple to explain, as the USD/BTC bazaar offers the best clamminess in a broadly accessible manner. Nearly every Bitcoin barter in the apple lists a USD/BTC trading market, and the basic currency’s amount is usually referred to in US Dollar.
XBT Provider is planning to barrage a accessory Bitcoin tracker on Nasdaq Nordic, which will be listed on October 5th. This new asset will be alleged “Bitcoin Tracker EUR,” alms a agnate amount for money as Bitcoin Tracker One, but denominated in Euro, rather than US Dollar. This new tracker is allotment of XBT Provider’s amplification plan, as they appetite to access their European chump base.
XBT Provider CEO Alexander Marsh declared the following:
Bitcoin Liquidity More Important Than Ever Before
One affair to booty abroad from both Bitcoin trackers offered by XBT Provider is how clamminess beyond above exchanges is acceptable added important than anytime before. Most of the circadian Bitcoin trading aggregate takes abode on Chinese exchanges, area Bitcoin is actively traded adjoin the Chinese Yuan. Some industry experts go as far adage that Bitcoin exchanging has become absolutely centralized as of late, which is a annoying trend, to say the least.
Bitcoin Tracker One has accurate to be a success blueprint for XBT Provider, and the accession of Bitcoin Tracker EUR will accompany alike added boilerplate absorption to basic currency. However, if clamminess beyond above exchanges proves insufficient, approved traders ability be put off by the abstraction of advance in Bitcoin altogether. XBT Provider is assured this will not be an issue, as Board Member Staffan Helgesson stated:
What are your thoughts on Bitcoin Tracker One and Bitcoin Tracker EUR? Are you afraid about Bitcoin clamminess dehydration up? Let us apperceive in the comments below!
Source: Press Release via Email
Images address of XBT Provider, Nasdaq Nordic, Shutterstock
