Bitpanda, the cryptocurrency trading platform with a company valuation of $4.1 Billion and headquartered in Vienna, said that its Bitcoin ETC will be listed on Deutsche Boerse’s Xetra market, headquartered in Frankfurt, Germany.
Bitcoin ETC will follow the price of Bitcoin, it will be traded in euro, the base currency of the European Union (EU).
Bitpanda made the following statement on the subject;
“Bitpanda Bitcoin ETC is a fully secure, traditional exchange-traded EUR-denominated cryptocurrency that tracks Bitcoin price. Bitcoin ETC is secured with Bitcoin stored at regulated custodian service providers in cold wallets”
Bitcoin ETC is a collateralized, euro-denominated cryptocurrency that monitors the price of Bitcoin.
Bitpanda said it aims to add more ETC products in 2022.
Bitpanda CEO Eric Demuth also made the following statement on the subject;
“By issuing a fully EU-based Bitcoin ETC with the euro as the base currency, we are offering an alternative asset that we think is an opportunity in the current market environment”