Deutsche Boerse’s Eurex Stock Exchange Lists Bitcoin Futures

Deutsche Boerse’s Eurex exchange now facilitates trading in Bitcoin (CRYPTO: BTC) futures contracts.

What happened: According to a Monday tweet from the official Eurex Twitter profile, the exchange launched Bitcoin Exchange-Traded Notes Futures trading under the FBTX ticker. The contracts are backed by Bitcoin reserves held by ETC Group.

This is the exchange’s first move into cryptocurrency derivatives, according to Eurex, adding that it is also “the first regulated market for Bitcoin-related derivatives in Europe.”

According to a separate announcement last month, the exchange hopes the new product will allow investors to gain exposure to Bitcoin on a regulated exchange while leveraging “transparent price discovery of the underlying” exchange-traded notes.

Randolf Roth, a member of Eurex’s Board of Directors, said the company “sees significant demand from institutional investors to gain exposure to Bitcoin in a secure and regulated environment.”

For this reason, the company launched a product that aims to enable the company’s customers to “trade and hedge Bitcoin within Eurex’s proven trading and clearing infrastructure without the need to turn to non-marketers.” set up regulated crypto locations or a separate infrastructure, such as a crypto wallet.”

Price promotion: According to CoinMarketCap dataAs of this writing, Bitcoin is trading at around $46,750 for a 5% jump over 24 hours.