Germany’s second stock Exchange Enables Investors to Buy Litecoin, XRP

In accordance to the CCN: This second biggest stock exchange which will be held in Germany in the 9th larger in Europe, and has also got an approved listing of Litecoin and XRP via the Exchange-traded notes(ETNs).

They quoted it as

“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 four securities issued by XBT Provider in Sweden track the price of the two cryptocurrencies in relation to the euro and the Swedish krona,” the Börse Stuttgart team said.”

Previously Similar Exchange-traded funds(ETFs) were regulated strictly and we’re transparent enough, with the help of protected instruments that can be used by the investors in invest in various of the assets.

But with the launch of Cryptocurrency-backed ETNs, it is assumed and is been expected to increase the liquidity of the Litecoin and the XRP.

Most probably amongst the accredited Investors and the most potent active institutions.

While all this planning is done to raise the quality of liquidity of the digital Currency.

Going back to the late of 2017 a billionaire Investors in Cryptocurrency had its word on investment via the ETN on the Swedish exchange,

Cuban commented that,

“It is interesting because there are a lot of assets which their value is just based on supply and demand. Most stocks, there is no intrinsic value because you have no true ownership rights and no voting rights. You just have the ability to buy and sell those stocks. Bitcoin is the same thing. Its value is based on supply demand. I have bought some through an ETN based on a Swedish exchange.”

The same company at that time is now behind the Bitcoin ETN via the British stock exchange in the overseas.

Now the major question is that will this actually fuel the further momentum of Litecoin and XRP.

Seeing the pricing year to year the Litecoin had never backed as a Currency and has surged by more than 183 Percent in the U.S stock market.

To this Charlie Lee  the creator of Litecoin commented ,

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.”

Litecoin dev team spent hours discussing how to add Confidential Transactions. The way to do a softfork CT is very similar to doing extension blocks and extension blk may be simpler and can do a lot more. We are now also exploring doing bulletproof MimbleWimble w/ extension blks.

Well with all this still the potential demand for the Litecoin still remains uncertain with no change in the figures but the thing to be noticed is that will this have an effect over the stated Major impact and also not confirmed that how that is going to recover if they go in a phase of loss.

But amidst activity and rising value further improvement in the quality of Liquidity is still on development.

Also Read: Bitcoin Breaks $8000 Dump Coming?