Bitcoin is looking to conquer the world, and by keeping a multi-pronged approach to things, it seems to be only a matter of time until this happens. The ETN Bitcoin Tracker EUR, which is a financial trading instrument created by XBT Provider AB, is now available on the Nasdaq Nordic. As a result, the ETN Bitcoin Tracker EUR is now available for trading in no less than 179 countries, further cementing Bitcoin’s global presence.
Also read: The British Government has been urged to adopt the blockchain
Trading Bitcoin Tracker EUR All Over The World
When the Bitcoin Tracker EUR was first announced by XBT Provider AB, a lot of people were not too certain whether or not this trading instrument would see any success at all. However, as it turns out, there is a very large demand for this trading tool, which is part of the reason why this expansion has taken place.
There is one requirement to trade the ETN Bitcoin Tracker EUR in 179 countries though, as investors need an Interactive Brokers account on Nasdaq Nordic. However, there are so many traders who use this type of account that it won’t even be a hindrance by any means. The new tracker can be found under the name COINXBE, with the ISIN SE0007525332.
For those who are unaware of what this tracker does, it is an exchange traded node designed to mirror the return of the underlying asset, which is denominated in US Dollar per Bitcoin. Until recently, this tracker was not available denominated in EUR currency, but XBT Provider changed that by becoming the first company to launch such a financial instrument on a regulated exchange.
Similar to how other assets can be traded on the Nasdaq Nordic exchange platform, COINXBE can be listed and traded on the platform. Obtaining this asset directly linked to the Bitcoin value can be done through the platform itself, or by using any of the available Bloomberg terminals.
This move will give Bitcoin even more exposure around the world than it has ever received, which can only be seen as a positive sign. Now that the madness in the Bitcoin ecosystem has died down a bit after the Mike Hearn debacle, a bit of positive news can go a long way and help push the Bitcoin price back up to its previous value.
Source: XBT Provider AB
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