Germany Supports Crypto Adoption: Stock Exchange No. 2 In The Country Enables Users To Buy XRP And Litecoin
These days some pretty tremendous achievements have been marked in the crypto space, and a lot of good news popped up. All of this may have supported the parabolic run witnessed by BTC.
The price of BTC continues to rally, and crypto enthusiasts are curious where it’s heading.
Germany stock exchange approves listings of LTC and XRP ETNs
Börse Stuttgart, the second biggest stock exchange in Germany and the ninth largest in Europe, has approved the listing of LTC and XRP exchange-traded notes (ETNs).
“For the first time in Germany, investors can now buy and sell exchange-traded notes (ETNs) based on the cryptocurrencies Litecoin and Ripple (XRP),” the Börse Stuttgart team said.
ETNs operate in a similar way to ETFs as strictly regulated, transparent and protected instruments that can be used by investors to invest in various assets.
Launching cryptocurrency-backed ETNs on Börse Stuttgart is expected to increase the liquidity of Litecoin and XRP, especially amongst accredited investors and potentially institutions.
Will this fuel the momentum for XRP and LTC?
CCN wonders whether the news will fuel the momentum of Litecoin and XRP.
Litecoin has been surging a lot, and the boost has been attributed to the privacy-related solutions which have become a target of the open-source LTC community.
Litecoin’s Charlie Lee had this to say back in January:
“Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy. I am now focused on making Litecoin more fungible by adding Confidential Transactions.”
Lee continued and said, “We are now also exploring doing bulletproof MimbleWimble w/ extension blocks.”
Ex-Google engineer, Charlie Lee is the creator of Litecoin and MD of the Litecoin Foundation. Previously Director of Engineering at Coinbase, Lee now focuses full-time on Litecoin. To enhance fungibility and privacy of LTC, integration of MimbleWimble has begun, however Lee has recently announced a crowdfunding launch to fund the development.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.