KNC’s XBT ETN Introduced in Germany, Gaining Largest Market Yet
The second-largest German exchange Tradegate has implemented KNC’s XBT Provider ETN, the first regulated Bitcoin exchange-traded note. The move sees Germany overtake the pioneering Swedish market to become the largest worldwide, where both small- and large-scale investors can bet on the Bitcoin price via an ETN. BitcoinCommodities CEO Dennis Daiber told local news resource Bitcoinblog.de: Demand for ETN from the Swedish Nasdaq has been brisk since its introduction on May 18, with activity on some days topping 2000 BTC. Enough, Bitcoinblog.de supposes, for Tradegate to consider its....
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Fidor Bank in Germany is doing something rather unorthodox when it comes to licensed banks. The bank has introduced a bitcoin derivatives market, allowing speculators to bet on the rising and falling prices of bitcoin in the future. CEO of Fidor Bank Matthias Kröner says bitcoin is gaining traction, saying that "I reckon that the Bitcoin durable as real currency is established, because it is a global currency [with] units that can be paid easily and efficiently In addition, the price is only determined by supply and demand, unlike, for example, gold." Fidor Bank is reportedly partnering up....
The DarkMarket site was thought to be the world's largest illegal online marketplace.
Law enforcement agencies in Germany have targeted Hydra, a leading darknet market (DNM). As part of an operation conducted with U.S. support, the German police were able to establish control over the servers of the Russian-language platform in the country and take down its website.
Investigators Hit Hydra in Germany, Confiscate Millions in Crypto
Hydra Market, one of the largest marketplaces on the darknet, has been shut down by German authorities which seized its server infrastructure. According to an announcement by the Federal Criminal Police Office (BKA), law enforcement....
Swiss fintech firm Leonteq has introduced its digital asset products in two neighboring jurisdictions, Germany and Austria. The company is launching its crypto offering with the help of a Frankfurt-based bank and in response to interest from institutional and private investors. Leonteq Provides German and Austrian Investors With Exposure to Major Cryptocurrencies Leonteq is presenting an extensive range of products to investors in Germany and Austria after a successful expansion in its home market, Switzerland. It offers exposure to a total of 18 crypto assets, including bitcoin (BTC),....
Cryptocurrency exchange Coinbase has obtained approval from Germany’s financial regulator, Bafin, to provide cryptocurrency trading and custody services. Coinbase Germany will launch in the coming weeks. Coinbase, a Nasdaq-listed company, announced Monday that it has secured a cryptocurrency license in Germany. The company explained: “The German Federal Financial Supervisory Authority (Bafin) has awarded Coinbase Germany GmbH a license for crypto custody and trading, under the new licensing regime introduced in January 2020.” According to Coinbase, the Bafin licensing....