Digital currency is fast growing in popularity, and its adaption by global institutions proves that. Most recently, the stock exchanges of Vienna and Singapore have announced the listing o cryptocurrency-related products.

Vienna Stock Exchange or Wiener Börse, which is among the world’s oldest stock exchanges, has announced that it would list a BTC product from September 1. The exchange has listed the digital asset of 21shares. The citizens will be able to purchase AG’s Bitcoin and Ethereum exchange-traded products, ‘ABTC and AETH, officially from the exchange. Vienna Stock Exchange became only the third nation in the world to officially list a Bitcoin product on the market. 21Shares is a financial tech company offering a number of cryptocurrency exchange-traded products or ETPs. Currently, the company offers 11 crypto products in the whole of Europe. It is also the very first time that Ethereum has been listed on the Vienna Stock Exchange. However, both of these ETPs are aimed at experienced investors. They would be able to use their broker’s account and will require any digital wallet to transact.

Just like the Vienna Stock Exchange, Singapore Stock Exchange, also known as SGX, has also launched new crypto indices on its exchange. The indices, In partnership with CryptoCompare, one of the leading UK data analytics companies, the indices lie under the purview of the SGX iEdge index suite that compromises the iEdge Ethereum Index and also iEdge Bitcoin Index. But, there is a major difference between what is being offered by both the exchanges. The SGX will not allow investors to trade any digital currency. Instead, they will be allowed to use their price feeds. It will come as a major relief for companies that wish to launch cryptocurrencies like BTC and ETH products as they would be able to track their actual price in real-time.

In a statement released by Hany Rashwan, the CEO of 21Shares, he said that Wiener Börse decision to list crypto-products would allow investors in all the three countries under the DACH region, namely Switzerland, Austria, and Germany, to sell and buy their ETPs. He expressed his delight that Bitcoin will now be allowed to be accessed in all German-speaking countries. There is nowhere else that such a comprehensive opportunity is being allowed. The Head of Business Development of Vienna Stock Exchange, Thomas Rainer, further added that the new listing would help experienced investors to diversify their portfolios. They will have a better selection of asset classes and allow investors to benefit from crypto trading that is monitored and transparent with real-time prices and information in hand. SGX Head of Index Services, Simon Karaban, also said that he was happy with the listing and that such digital asset was essential as the world is moving towards digitalization.

A few months back, 21Shares also integrated their ETPs for trading on the platform of Deutsche Boerse Xetra based out of Frankfurt. Their crypto-products are also available on other platforms such as Boerse Stuttgart and BX Swiss. It has about $100 million worth of crypto-exchange-traded products. In another announcement, the Singapore Exchange has said that they would list price indexes on the CryptoCompare platform, a UK based tech company.

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