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Author: Admin | 2025-04-27
Have the ability to buy products traded on XETRA for its clients. Trading is constantly monitored by sophisticated software to detect and prevent market abuse. Some APs may also be able to make-markets OTC in BTCE for professional and eligible counterparty investors in BTC, USD, EUR, GBP and other currencies. ETC Group understands that not all trading venues are equal and is therefore very proud that BTCE is offered on one of the largest stock exchanges in Europe and was the first centrally-cleared crypto ETP in the world. World class liquidity providers ensure there is good market depth, tight spreads and ample liquidity available to ensure that investors can enter and exit their position in BTCE with minimal cost and market impact. The APs provide liquidity in BTCE on the stock exchange where most investors will buy and sell BTCE. Investors don’t need to worry about safely storing their investment in bitcoin via BTCE as the units are securely held with their broker – just like stocks. BTCE can be sold anytime on exchange or redeemed for bitcoin or cash* via an AP or directly with the Issuer. Learn more about Redemption). Only APs the Issuer has appointed are allowed to subscribe to BTCE with the Issuer, and only for bitcoin. This mechanism ensures that the provenance of all bitcoin has been verified. All bitcoin received from the APs is held in institutional-grade safe custody at BitGo Trust Company, to back each unit of BTCE in circulation. For additional investor protection, the bitcoin in the custody account is pledged as security to the investors, and a reputable independent trustee enforces this pledge. * Certain terms and conditions apply
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