The United Kingdom’s main stock exchange is about to accept applications for crypto-tied notes.
You can also find out more about the following: London Stock Exchange (LSE), revealed in an press release On Mar. 11, it will begin accepting applications for the admission of Bitcoin ( On March 11, it will begin accepting applications for Bitcoin admission (BTCEthereum (ETH) crypto exchange-traded notes (ETNs) in Q2, 2024. Although the exact date is not yet known, the LSE will disclose it “in due course,” The exchange stated that it will accept applications according to the information contained in the Crypto ETN factsheet.
According to the factsheetCrypto ETNs are only allowed to be traded on the LSE by professional investors, and will fall under specific trading segments. According to the factsheet, issuers may offer up three different currencies for each crypto ETN.
The document states that the underlying crypto used for ETNs should be stored in cold storage. Although the LSE did not go into detail on the matter, they added that the custodians of the underlying crypto for ETNs must adhere with anti-money laundering laws in jurisdictions including the U.K. jumped ETH soared to over $4,000, while ETH rose above $71,000. Although it is not known if the LSE’s action had an impact on price appreciation, there’s no way to tell.
London Stock Exchange has not been a newcomer to web3. The stock exchange has explored the possibilities of blockchain technology and its potential applications. This includes the possibility of blockchain-based trades for traditional securities. financial Since a long time, assets have been increasing. The London Stock Exchange Group, for instance, will be able to trade in September 2023. unveiled plans Introduce blockchain-based trading to traditional financial Assets, citing the strategic pivot driven by potential benefits of integrating Blockchain within traditional markets.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: crypto.news