Friends, look at the situation. Incredible things will happen. We said that they would have to enter this market. The market is slowly gaining ground. Here are the details;
The London Stock Exchange cannot remain silent about the rise of cryptocurrencies, one of the investment tools that are becoming more popular day by day, and plans to offer them to its users via #ETF✅ . UK-based cryptocurrency exchanges are also preparing to offer #ETF✅ service to their users.
The UK's Financial Regulatory Authority (FCA) demonstrated its positive view of cryptocurrencies by making such a decision in order to protect investors and adapt to emerging innovations.
According to the statements made by the London Stock Exchange last March, signals were given for the recognition and dissemination of cryptocurrencies as a financial product. The exchange stated that it will offer Bitcoin and Ethereum cryptocurrencies to its local users as of May 28.
Bivu Das, UK Managing Director of Kraken Exchange, expressed optimism that this development will provide regulated investment opportunities to a wider audience.
Although this system to be offered by the UK is a slightly different financial structure from the ETF, it is considered a very positive development for the crypto ecosystem. ETNs (Exchange Traded Notes) are, in short, unsecured debt instruments issued by a bank or other financial institution that offer the owner the promise of following a certain index.
These opportunities provided by the UK are expected to be used only by professional investors in the first place.
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