London Stock Exchange (LSE), the third largest stock exchange in the world, shared news that will please Bitcoin (BTC) and Ethereum (ETH) investors.
The UK’s Financial Conduct Authority (FCA)’s approval of cryptocurrency-focused ETN (Exchange Traded Note) services spurred the London Stock Exchange into action.
Bitcoin and Ethereum received the green light from the London Stock Exchange. by Stock Exchange March 11 In the statement made on the day Second quarter of 2024 as of Bitcoin And Ethereum ETN It was stated that applications will start to be accepted.
The cryptocurrency ETNs in question are the ones that track investors’ Bitcoin and Ethereum holdings on the exchange. will allow them to trade in securities.
LSE will receive applications through the information form it has previously published and will confirm the exact launch date in due course. he emphasized. The Bitcoins and Ethereums included in the application form must be stored in a cold wallet and deposited with the depository institution. United Kingdom, EU, Switzerland or USA AML Details such as its regulation according to the legislation attracted attention.
In the statement, Bitcoin and Ethereum ETNs are currently For professional users only It was noted that it would be opened.