(Vienna) The Vienna Stock Exchange welcomes Bitpanda Issuance GmbH, a new product provider that gives the possibility to participate in the performance of Bitcoin. The Bitpanda Bitcoin ETC is continuously tradable as a debt security as of today. On the stock exchange, market participants benefit from monitored and transparent trading as well as secure settlement via their securities account, without having to open their own crypto wallet. According to the product description, the tracked underlying Bitcoin is backed "physically" in a Cold Storage. Lang & Schwarz provides liquidity. The Vienna Stock Exchange thus offers 13 crypto-linked ETPs from 9 issuers.
ETP (Exchange Traded Product) is a general term for financial products which are traded on exchanges and track the performance of underlying assets. These include ETFs (Exchange Traded Funds) which bundle diversified equity investments in a fund, ETCs (Exchange Traded Commodity/Currency/Crypto) or ETNs (Exchange Traded Notes) which can also represent individual underlyings and securitize claims against the issuing company as debt instruments. The performance of crypto assets and products based on them is subject to high price fluctuations.
For further information, please contact:
Julia Resch
Head of Corporate Communications & Marketing, Spokesperson
About Wiener Börse AG
As the main provider of market infrastructure in the region, Wiener Börse AG is the gateway to global markets. Operating the stock exchanges in Vienna and Prague, the group offers state-of-the-art systems, information and IT services. Listed companies receive maximum liquidity and investors benefit from fast and cost-effective trading by the market leader. Wiener Börse AG also collects and distributes stock market data and calculates the most important indices of the region. Because of this unique know-how, the national stock exchanges in Budapest, Ljubljana and Zagreb trust the IT services of Wiener Börse AG. Additionally, the group holds stakes in energy exchanges and clearing houses.
About BITPANDA
Bitpanda makes investing accessible to all. Founded in 2014 in Vienna, Austria by Eric Demuth, Paul Klanschek and Christian Trummer, Bitpanda aims to use the innovation of digitized assets and blockchain technology to break down the barriers to investing. With more than 700 team members and over 3 million users, the company can count itself as one of Europe's most thriving FinTechs. The intuitive platform for everything is suitable for both beginners and experts to invest in stocks, cryptocurrencies and precious metals from as little as €1.
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