The Crypto industry has seen a lot of advancements in Europe in recent times from the development of mobile apps to Exchange-Traded Products (ETPs). The recent expansion in the industry is due to the latest additions of ETPs by the exchanges amid growing individual as well as institutional interest.
Crypto Industry Advances in Europe Amid ETPs Developments
The developments of cryptocurrencies in Europe are surging as most recently, it has been revealed that four issuers have acquired approvals to list ETPs on different exchanges along with Paris and Amsterdam for the very first time.
In addition to this, the regulatory exchange for crypto assets in Germany released a mobile trading application for both Android and iOS users.
Since some exchanges are leading the way with the ETPs tracking the performance of Bitcoin, Ethereum, and many more crypto assets launched in Europe this year, this trend has only advanced.
Moreover, it can be seen that multiple other firms are interested in having a share of that pie.
In accordance with the statement released, it is going to become the first physically-backed Bitcoin ETP on an exchange based in the United Kingdom.
This decision of introducing such a product came after research showed that around 53% of the European professional investors prefer trading Bitcoin via Exchange-Traded Products.
Firms on Exchange-Traded Products and Its Potential
The firm revealed earlier that VanEck, the one whose Bitcoin ETF application in the United States is being reviewed by the Securities and Exchange Commission;
“Became the first provider to list its crypto ETPs on the Euronext stock exchanges in Amsterdam and Paris. The investors will be able to get exposure to BTC and ETH without having to buy them themselves.”
Talking particularly about Europe, WisdomTree has been at the forefront of the cryptocurrency Exchange-Traded Products, the BTC and ETH ETPs of the company are now available on Euronext exchanges in France and Netherlands.