UK - Crypto's Mainstream Moment: London Stock Exchange's $3 Trillion Bet On Bitcoin And Ether's Future | Benzinga
The London Stock Exchange has announced plans to launch a dedicated market for exchange-traded notes (ETNs) tied to Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH), the two largest cryptocurrencies by market capitalization.
The new market is scheduled to go live on May 28, marking a milestone in the integration of digital assets into traditional financial markets.
The London Stock Exchange will begin accepting applications for trading these crypto ETNs from April 8, subject to the approval of the Financial Conduct Authority (FCA), the U.K.’s financial regulator.
The FCA had previously stated in March that it would not reject requests from Recognized Investment Exchanges (RIEs) to create a listed market segment for ETNs, paving ...