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Eurex, the Largest European Futures and Options Market, Launches Bitcoin ETN Futures

Leading European derivatives exchange Eurex has recently announced the launch of bitcoin exchange-traded note (ETN) futures. The announcement was made on Friday, mentioning September 13th as the launch date. 

Eurex Exchange is one of the world’s largest derivatives exchanges by contract volume, being part of the Deutsche Börse Group. 

“This offering will be the first regulated market in bitcoin-related derivatives in Europe…With the new contract, Deutsche Börse Group’s derivatives arm offers clients access to the price of bitcoin in a regulated on-exchange and centrally cleared environment,” Eurex said. 

The contract is based on BTCetc, which is the first centrally cleared Bitcoin ETP, being listed on the Frankfurt Stock Exchange. 

According to the exchange’s announcement, “Both the underlying ETN, as well as the futures, trade, clear and settle on Deutsche Börse Group’s proven infrastructure.

The futures contract comes after more and more institutional investors have shown interest in gaining Bitcoin exposure in a secure and regulated environment.

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