Deutsche Börse Launches Bitcoin Derivative

At the end of this month, Deutsche Börse will launch the Bitcoin ExchangeTraded Crypto (BTCE) exchange product, which will allow bidders to bypass the risks resulting from non-fulfillment of the deal, as the British ETC Group will take it upon itself.

“Investors will be able to keep bitcoins in their portfolios and trade, thanks to the regulatory approval (BaFin) security. In addition, at any time, users will be able to pick up their cryptocurrency, ”said Bradley Duke, CEO of ETC Group.

We add that the cryptocurrency will be stored on the BitGo institutional level service. Each BTCE paper is equal to 0.001 BTC. It can be repaid with fiat funds or directly with bitcoins.