Speed Trader Jumps Into Crypto Bets Opposed by Watchdog
- Flow Traders is first to say it’s trading ETNs, not futures
- Dutch market regulator ‘discourages’ anyone from using crypto
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Europe’s largest trader of exchange-traded funds is moving into crypto, even though its regulator urges consumers and institutions not to buy and sell digital currencies.
Flow Traders NV, an Amsterdam-based speed trader, is making markets in the first exchange-traded notes based on Bitcoin and Ether, according to Co-Chief Executive Officer Dennis Dijkstra. XBT Provider, an issuer of crypto ETNs listed in Sweden, said that the Dutch company has “dramatically increased” trading of its securities in the last few months.