Tag: Stock

London Stock Exchange Sets May 28 for Crypto ETN Trading Commencement

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The London Stock Exchange (LSE) has designated May 28 as the start date for trading in Crypto Exchange-Traded Notes (ETNs). Only professional investors will have authorization to engage in trading activities related to these ETNs. ETN issuers have until April 15 to submit their plans, ensuring eligibility for trading commencement in May. The LSE decided to commence trading on May 28 after careful consideration. It allows sufficient time for ETN issuers to meet the requirements outlined in the Crypto ETN factsheet. Additionally, it provides issuers planning to admit securities on…

London Stock Exchange to list Bitcoin and Ethereum ETNs starting in May

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The London Stock Exchange will start trading Bitcoin and Ethereum exchange-traded notes in May.  Starting April 8, the London Stock Exchange (LSE) will begin accepting listing applications for cryptocurrency exchange-traded notes (ETNs). The announcement follows the Exchange’s previous one and marks a significant milestone in integrating digital currencies into the U.K.’s financial market. Following the applications in April, the LSE will start trading crypto ETNs on May 28, pending approval from the Financial Conduct Authority (FCA). The inclusion of Bitcoin and Ethereum ETNs aims to attract a wide array of…

London Stock Exchange (LSE) Will Start Market for Bitcoin and Ether ETN’s May 28

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Jump Trading Expands Global Presence with Vienna Stock Exchange Listing

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The Vienna Stock Exchange has added Jump Trading Europe B.V. as its newest international trading member. This move marks a significant addition to the exchange’s list of members, now totaling 70, with 21 Austrian and 49 international banks and securities firms in its network. Jump Trading has branches in Amsterdam, Bristol, London, and Paris. Dedicated Forex cloud solutions with stable and fast cross-border connections capable of high-demand scenarios. Alibaba Cloud helps Forex traders to operate securely and globally. Click to know more! Christoph Boschan, the CEO of the Vienna Stock…

Coinbase (COIN) Plans $1B Bond Sale That Avoids Hurting Stock Investors, Copying MicroStrategy’s (MSTR) BTC Playbook

Issuers use these hedges with convertible debt to prevent dilution to existing shareholders, even when their share price rises above the conversion price, though they have to pay a fee. During its breakneck rally, fitness company Peloton famously raised $1 billion in convertible debts in 2021, including a capped call option. “The capped call transactions will cover, subject to customary adjustments, the number of shares of Coinbase’s Class A common stock that will initially underlie the notes,” Coinbase said. Source

London Stock Exchange Embraces Digital Assets by Accepting Crypto ETN Applications

In a pivotal announcement, the London Stock Exchange (LSE) has shared its plans to accept bitcoin and ethereum exchange-traded note (ETN) applications, signaling a significant shift toward incorporating digital currencies into mainstream financial markets. LSE Announces Acceptance of Crypto ETNs The launch of bitcoin (BTC) and ethereum (ETH) ETNs on the LSE platform marks a […] Source CryptoX Portal

London Stock Exchange to open applications for Bitcoin, Ethereum ETN admission

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The main stock exchange in the United Kingdom is set to start accepting applications for crypto-tied exchange-traded notes. The London Stock Exchange (LSE) revealed in a press release on on Mar. 11 that it will start accepting applications for the admission of Bitcoin (BTC) and Ethereum (ETH) crypto exchange-traded notes (ETNs) in Q2, 2024. Although the exact launch date remains unclear as the LSE plans to disclose it “in due course,” the exchange noted that it plans to accept applications in accordance with the details contained in the crypto ETN…

Coinbase stock surpasses initial listing price amid Bitcoin rally

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The stock price of Coinbase has surpassed its initial direct listing price for the first time in over two years, as Bitcoin reached a new all-time high.  When the most prominent U.S. crypto exchange entered the public market through a direct listing in 2021, the starting price was $250 per share. Initially, the stock experienced a surge, reaching a peak of $350 per share in November 2021. However, it concluded its first year on the market with a 38% loss. The following years saw Coinbase’s shares struggle as the cryptocurrency…

Germany’s Biggest Stock Exchange Goes Crypto

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Deutsche Börse Group has taken a significant step into the realm of digital assets by introducing the Deutsche Börse Digital Exchange (DBDX), a regulated spot trading platform for cryptocurrencies tailored to institutional clients. DBDX fills a gap in the market by offering a fully regulated and secure ecosystem for trading, settlement, and custody of cryptocurrencies. It leverages the existing connectivity to market participants, providing clients with a comprehensive suite of innovative and secure financial solutions for digital assets from a single point of access across the value chain. Initially, trading…