Deutsche Boerse Owned Eurex Launches Bitcoin Futures Trading

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Eurex, a derivatives exchange owned by German stock operator Deutsche Brse, has started trading in cryptocurrency derivatives with ETC Groups Bitcoin (BTC) exchange-traded note (ETN) futures product.

Eurex officially announced on Monday the launch of the Bitcoin ETN Futures contract developed by the London-based crypto derivatives issuer ETC Group.

As the first step in our crypto derivatives portfolio, the offering is the leading regulated market for Bitcoin-linked derivatives in Europe, Eurex said.

Trusted Path to #crypto: Today we launched #Bitcoin ETN #Futures. The first step in our #CryptoDerivatives portfolio, the offer is the first regulated market for # derivatives linked to Bitcoin in Europe. Get all the info and the fact sheet here: https://t.co/bk55yqFssN pic.twitter.com/ADpzOCqTnm

– Eurex (@EurexGroup) September 13, 2021

The Euro-denominated Bitcoin ETN Futures contract is based on the ETC Group’s flagship product, the exchange-traded product (ETP) Bitcoin centrally cleared, known as BTCetc Physical Bitcoin (BTCE). The futures contract allows investors to follow the price movement of Bitcoin in a regulated environment and will be physically delivered in BTCE, which is 100% backed by Bitcoin and can be instantly converted by any investor to the underlying BTC.

ETC Group CEO Bradley Duke noted that the latest listing marks another important milestone in providing institutions with financial products that allow exposure to crypto on regulated exchanges. The selection of BTCE by Eurex, Europe’s largest derivatives exchange, strengthens ETC Groups leadership in crypto ETPs and is recognition of the quality of our products and their unparalleled liquidity, he said. note.

Related: Swiss Exchange SIX Obtained Authorization To Launch Crypto Market

The listing of Bitcoin ETN Futures on Eurex comes more than a year after the ETC Group listed its BTCE ETP product on Xetra, a major digital exchange operated by Deutsche Borse. ETP is now listed on several European stock exchanges, including the SIX Swiss Exchange. In July, ETC Group announced that BTCE was going carbon neutral by offsetting the carbon footprint with hand-selected carbon credits to offset carbon emissions associated with BTCE Bitcoin mining.

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