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Dutch-based speed trader moves into crypto ETN market

09 July 2018

According to Co-Chief Executive Officer of Flow Traders- Dennis Dijkstra, an Amsterdam based speed trade, Flow Traders NV is making markets in the first exchange-traded notes based on Bitcoin and Ether.

According to Bloomberg, not like those in the United States - trades firms now offering cryptocurrency possibilities, Flow Traders is the first one to release its buying and selling crypto notes listed on regulated stock exchanges.

The move is not supported by the regulator, the Dutch Authority for the Financial Markets, which has warned against crypto trading.

Dijkstra said in an interview that people usually underestimate cryptocurrencies. The market participants are much more professional than people think. The institutional investors are drawn, and he knows for sure since they get requests.

The government has suggested that users should exercise caution when investing or trading in such virtual coins, essentially because of the new business model they follow.

Flow Traders is a leading global technology-enabled liquidity provider, specialized in Exchange Traded Products (ETPs). Effects are already being felt as XBT Provider, who issues crypto exchange-traded notes in Sweden has reported an increase in trading of its securities in recent months. The difference between ETNs and ETFs is that they are an alternate option for investors and will allow better presence in the cryptocurrency trading markets.

Flow Traders is a speed trader, which means it hedges every trade as quickly as possible.

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"With the growing interest from institutional clients willing to invest in digital assets, I can see why so many proprietary trading businesses are now focusing on this new asset class", Kssis added.

"We discourage activities in cryptos both by consumers and professional license holders", a statement from the regulator read. However, he refused to reveal whether the underlying cryptocurrencies are also used for hedging.

"By virtue of its newness and the anonymity it potentially offers, it is very prone to abuse".

Flow Traders executed €244 billion euros ($284 billion) worth ETFs worldwide in the 1Q18.

There are five huge United States speed traders that started to make the most out of the market when it came to cryptocurrencies, be them future or present.

"Given its inability to serve the promised goal as a currency, we don't regard it to be an asset class", Torensma said, as quoted by Bloomberg.

But important financial firms all over the world are trying to enter the cryptocurrency space. Goldman Sachs is setting up a cryptocurrency trading desk.

Dutch-based speed trader moves into crypto ETN market