Main crypto exchange-traded product (ETP) issuer 21Shares has listed the primary bodily backed-bitcoin ETP on Nasdaq Dubai for the Center East market.
21Shares introduced that its first spot Bitcoin ETP might be buying and selling beneath the ticker ABTC on Nasdaq Dubai.
In the present day, @21Shares proudly entered the Center East with the launch of the primary physically-backed bitcoin ETP $ABTC on Nasdaq Dubai. We’re very excited to be serving traders within the UAE! Ya hala! ? ?? pic.twitter.com/KyvLmEZe26
— 21Shares (@21Shares) October 12, 2022
21Shares govt Hany Rashwan famous that the Center East was quick turning into a crypto hotspot, which strengthens the corporate’s determination to carry the ETP product to Dubai.
Rashwan added that his firm will proceed to help the Center East on its drive to turn out to be a world crypto hub.
A current Chainanlysis report named the Center East and North Africa because the fastest-growing cryptocurrency area, with buying and selling quantity spiking by 48% by the tip of the second quarter.
Head of 21Shares within the Center East Sherif El-Haddad affirmed that the corporate might be effectively positioned to advance crypto adoption within the area.
“Cryptocurrencies are quick turning into the asset of the longer term for traders and wealth managers around the globe, as world crypto adoption and funding ranges proceed to speed up at pace- and the Center East is a serious accelerator of this development,”El-Haddad stated.
21Shares’ newest spot Bitcoin ETP provides to the corporate’s rising listing of 46 ETP merchandise listed throughout 12 exchanges in seven international locations.
In April, 21Shares launched the primary spot Bitcoin ETF (EBTC) and Ethereum ETF (EETH) in Australia.
