Deutsche Boerse-owned Eurex debuts Bitcoin futures trading

Deutsche Borse owns Eurex, a German derivatives exchange. It has launched cryptocurrency derivatives trading using ETC Groups Bitcoin exchange-traded notes (ETN futures product).

Mondays official announcement by Eurex was the launch of Bitcoin ETN Futures, a contract created by ETC Group, a London-based crypto derivatives company.

Eurex stated that the offering was the first in a portfolio of crypto derivatives. It is also the first European regulated market for Bitcoin-related derivatives.

Trusted path to crypto: Today, #Bitcoin #ETN #Futures was launched. The offering, which is the first in our #CryptoDerivatives portfolio, is the first European regulated market for Bitcoin-related #derivatives. Get all information and the factsheet here:
— Eurex (@EurexGroup), September 13, 2021

ETC Groups flagship product is the centrally cleared Bitcoin exchange traded product (ETP). The contract for ETN Futures in Bitcoin euro-denominated Bitcoin ETN Futures is based on BTCE (BTTCetc Physical Bitcoin). Futures contracts allow investors to monitor the price of Bitcoin in a regulated setting. They will be delivered in BTCE which is 100% backed with Bitcoin and can instantly be converted by any investor into the underlying BTC.

Bradley Duke, CEO of ETC Group, noted that this latest listing is another milestone in providing financial products that allow institutions to trade crypto on regulated exchanges. He noted that BTCE was selected by Eurex, Europe’s largest derivatives exchange. This is recognition of ETC Group’s leadership in crypto ETPs.

Related: Swiss Exchange SIX approves launch of crypto marketplace

More than a year ago, the Bitcoin ETN Futures listing on Eurex follows ETC Groups BTCE ETP product listing on Xetra. Xetra is a major digital stock market operated by Deutsche Borse. The ETP is now listed at multiple European exchanges, including SIX Swiss Exchange. ETC Group announced in July that BTCE would become carbon neutral. This was done by offsets using hand-selected carbon credit to offset carbon emissions from BTCE Bitcoin mining.