THELOGICALINDIAN - This anniversary one of Europes better acceleration trading platforms and exchangetraded armamentarium ETFs dealers Flow Traders NV appear the close is entering the cryptocurrency amplitude by alms bitcoin and ethereum exchangetraded addendum ETNs to its clientele
Also read: Switzerland Considers Granting Crypto Businesses Access to Banking Services
Speed Trading Platform Flow Traders Enters the Cryptocurrency Trading Ecosystem
The Amsterdam bazaar maker, Flow Traders, provides clamminess to its barter by accouterment traders bid and action prices for Exchange Traded Products (ETPs). Flow Traders was founded in 2004 and has become one of the top ETP exchanges in Europe, affairs in over €250 actor in acquirement per year. Now the trading belvedere has appear it’s entering the cryptocurrency amplitude by accouterment barter ethereum and bitcoin ETNs. According to Flow Trader’s Co-Chief Executive Officer Dennis Dijkstra, the company’s barter volumes accept “dramatically increased.”
“People belittle crypto,” Dijkstra explains during an interview on July 6.
High-Frequency Traders Polarized by Bitcoin
Speed trading contrarily accepted as high-frequency trading (HFT) is a address that uses algebraic swaps to barter articles at aerial speeds, and fast about-face rates. Typically HFT operations barter acutely ample volumes of trades which in about-face makes up the low margins offered by the exchange. Flow Traders is not the aboriginal accelerated trading aggregation that’s entered the cryptocurrency ecosystem. Five acclaimed HFT dealers Tower Research, Susquehanna, Jump Trading, DRW Holdings, and Hudson River are affairs cryptocurrency articles to audience as well. The proprietary trading close DRW Holdings claims its been swapping cryptocurrencies back 2024.
“What’s hasty me is how polarizing bitcoin is,” Bobby Cho the arch of over-the-counter trading DRW’s OTC accessory Cumberland Mining.
Focusing on the New Asset Class
Flow Trader’s Dijkstra capacity that the close has been ambiguity its bitcoin (XBT) and ethereum ETNs with CME Groups and Cboe’s XBT products. The XBT provider’s managing administrator at Coinshares Ltd., Laurent Kssis, says with firms like Flow Traders purchasing ETNs they abide to see abiding institutional appeal for their cryptocurrency exchange-traded notes.
“With the growing absorption from institutional audience accommodating to advance in agenda assets, I can see why so abounding proprietary trading businesses are now absorption on this new asset class,” Kssis added.
What do you anticipate about Flow Traders accepting into ambidextrous with cryptocurrency ETNs and futures products? Do you anticipate added HFT platforms will army to agenda assets? Let us apperceive your thoughts on this accountable in the animadversion area below.
Images via Shutterstock, and Flow Traders.
