Dutch Speed Trading Firm Enters Crypto Market Despite Regulator’s Warnings

Dutch Speed Trading Firm Enters Crypto Market Despite Regulator’s Warnings

Europe's biggest exchange-traded funds [ETF] trader that has handled close to $700 billion in ETF trading in the past year, has now started market making on Ethereum and Bitcoin Exchange traded notes [ETNs]. According to Swedish ETN issuer XBT Provider, the volume of its cryptocurrency notes being traded by Flow Traders has "dramatically increased" over the past few months.

According to Bloomberg, unlike the major US trading firms now offering cryptocurrency futures, Flow Traders is the first one to "disclose it's buying and selling crypto notes listed on regulated stock exchanges". This possibly serves as a vote of confidence in the future of the crypto market.

"People underestimate crypto. It's big, and it is about to be regulated very soon". The Netherlands Authority for the Financial Markets (AFM) also failed to understand that many traders consider cryptocurrencies as crypto assets regardless of their ability to function as currencies. "Institutional investors are interested - we know they are because we get requests." .

Fortunately for Flow Traders NV, the AFM can't stop firms from trading regulated instruments on regulated exchanges.

But Nienke Torensma, spokeswoman for the Dutch Authority for the Financial markets, recommends to institutional investors and consumers not to invest in cryptocurrencies.

CCN reported in March that Coinbase was granted a UK E-Money License and a bank account with Barclays. For example, Goldman Sachs Group Inc. has made a decision to set up a digital-asset trading desk.

Notably, market commentators believe publicly traded notes/funds would make crypto trading more appealing for institutional investors as it is a safer and easier way to gain exposure to the exciting new asset class.

Related News:

  • People urged to use water sparingly

    People urged to use water sparingly

    Cleaning windows, walls or paths with a hosepipe are also prohibited whilst the ban is in effect. NI water imposed a hosepipe ban at 6pm on Friday, June 29 following the extended hot weather.
    Eleven killed, 45 missing as torrential rain pounds Japan

    Eleven killed, 45 missing as torrential rain pounds Japan

    Minako Sakurai, an agency official, told reporters heavy rain was expected to continue until Sunday in western and eastern Japan. Hiroshima Prefecture was hit the hardest with numerous landslides that claimed 15 lives, local authorities said.
    Gleyber Torres: In Wednesday's lineup

    Gleyber Torres: In Wednesday's lineup

    That helps to explain why the rookie sensation is out of the Yankees' starting lineup on Tuesday night against the Braves. Eight-year old Hailey Dawson threw out the ceremonial first pitch with her 3D printed hand created by students at UNLV.
  • Theresa May says Cabinet supports her Brexit plan after Chequers summit

    Theresa May says Cabinet supports her Brexit plan after Chequers summit

    On the eve of the marathon Chequers meeting, Brexiteer ministers met at Boris Johnson's Foreign Office to consider their strategy. For now, though, May appears to have united the pro-Brexit and pro-EU wings of her government behind a compromise.
    Xiaomi Mi A2 live image running stock Android 8.1 leaked online

    Xiaomi Mi A2 live image running stock Android 8.1 leaked online

    The image confirms that it is indeed the Xiaomi Mi A2 model, running on stock Android 8.1 Oreo, without any MIUI skin. The leaked photo of the alleged Mi Max 3 via Slashleaks has confirmed the presence of a dual camera setup.
    Iran to Trump: Your tweets are driving up oil prices

    Iran to Trump: Your tweets are driving up oil prices

    Prices to (sic) high! President Trump has never been shy about tweeting on worldwide affairs, often putting his foot in his mouth. Later speaking to Reuters , the Iranian declared that oil prices will rise to Dollars 100, and it will all be Trump's "fault".
  • Sheffield Lord Mayor Bans President Trump From City

    Sheffield Lord Mayor Bans President Trump From City

    He has also declared that 13 July, when the president's three-day visit is set to begin, will be Mexico Solidarity Day. There's a lot of good will from the people of Sheffield that if he did try to come here, he would be banned'.
    Another World Cup ends in agony for Neymar

    Another World Cup ends in agony for Neymar

    Against Neymar , defenders go harsher. "What makes me happy is not him at his best - less than that. We've grown into the tournament. "There is something special about this squad".
    Kyle Anderson signs 4-year, $37.2 million offer sheet with Memphis Grizzlies

    Kyle Anderson signs 4-year, $37.2 million offer sheet with Memphis Grizzlies

    Anderson's career year in 2017-18 brought him this lucrative multi-year deal from the Grizzlies. Rudy Gay was already re-signed to be a hybrid forward, but he's there for his offensive game.
  • Authorities say Thai schoolboys 'not ready' for underwater cave escape

    Authorities say Thai schoolboys 'not ready' for underwater cave escape

    Our last trip together was to Malaysia". "Dear all kids' parents, now all of them are fine, the rescue team is treating us well". The boys, 11 to 16, and their 25-year-old coach went exploring in the cave after a soccer game on June 23.

    Lingard in line for bumper Man Utd contract

    It's believed Lingard is highly-rated by Mourinho and the Three Lions star recently spoke highly of his Portuguese boss. The 25-year-old appeared in an indecisive mood as he looks out from a hotel window in London's giant Shard building.
    Belgium upsets 5-time world champion Brazil

    Belgium upsets 5-time world champion Brazil

    Saturday looks set to be the end of the road for Russian Federation after their unexpected run to the last eight. The latest powerhouse country to go home, Brazil has been eliminated in the quarter-final by Belgium.


Most liked

Sweden's Hakan Mild Says England Players Are "Spoilt Children"
Mild has history with English football, briefly representing Wimbledon in 2001/02 as well as scoring three times against England on global duty.

Emirates offers VR 360 view of cabin when reserving seats
Emirates airlines has developed a reputation for offering comfort and luxury to its passengers and customers. The high-quality 3D generated graphics offer an outstanding render that is close to reality.

Chelsea call Maurizio Sarri to London TODAY with managerial appointment scheduled
Conte, meanwhile, insists he is still in charge and has drawn up a pre-season schedule for his players. But should things go smoothly today and over the weekend then Sarri could be announced on Monday.

Statue of Liberty climber unrepentant; Trump calls her clown
The climb was hard enough that it took NYPD officers about three hours to reach her and get her down. She is due back in court August 3.

GREAT AGAIN: Trade Deficit SHRINKS to Lowest Level Since 2016 ELECTION
Washington has "ignited the biggest trade war in economic history", China's Commerce Ministry said in a printed statement. Imports rose 0.4 per cent to US$258.4 billion, boosted by a record value of capital goods shipments from overseas.

Mohammad Amir on Bollywood, Stephen Hawking and cricketing regret
He further said that if there was a trophy in other sport that he would like to win, it would be in football. What is that one shot you don't like being played against you? I hate when a batsman plays the pull shot.

Thai coach apologizes to parents as boys write they're OK
To avoid the flooding, the rescue team will likely take place within the next couple of days. "We will soldier on", he said. Thailand's Navy SEAL commander also said rescuers may have little choice but to attempt the hard extraction of the group.

England can't underestimate Sweden, says Stones
I went for England to reach the quarter-finals before the tournament starts and I'm sticking to that prediction. But hold on just a second, because underestimate Sweden at your peril.

Bananas on the brink of extinction?
As a result, it has now been listed on the official Red List of the International Union for Conservation of Nature (IUCN). It's an endangered plant in its own right though, having fallen victim to severe weather and deforestation.

Zach LaVine signs Kings offer sheet; Bulls to match
RFA Zach LaVine has agreed to a four-year, $80M offer sheet with the Sacramento Kings , league sources tell Yahoo. LaVine has averaged 14 points and 3.2 assists over his four-year National Basketball Association career.

Washington and Pyongyang get down to 'nitty gritty' in nuclear talks
It was unclear whether Pompeo would meet Kim Jong Un, as he did on his previous trips, before heading for Tokyo later on Saturday. Mr Pompeo left the negotiations venue to make a secure phone call to update President Donald Trump on the talks, the report said.

New warning of possible hosepipe ban in the North West
Around 140 people have been reported for flouting the hosepipe ban in Northern Ireland, NI Water has confirmed. The region has not seen rain for three weeks, which is leading to a drop in water levels at reservoirs.

National MP slams Air NZ’s offer of meat-free burger
Impossible Foods can still sell its burger despite the FDA findings, which did not conclude that soy leghemoglobin was unsafe. Former Primary Industries minister Nathan Guy agreed and took to Twitter to make his outrage known.

Mark Zuckerberg tops Buffett to become world's third-richest man
The "Oracle of Omaha" has donated about 290 million Class B shares, which are now worth more than $50 billion, Bloomberg noted. Overall, the sector has contributed about one-fifth of the $5 billion in wealth tracked by the index, Bloomberg reported .

I wanna go fast: Toyota Supra to join NASCAR in 2019
The road-going Supra will hit showrooms starting with the 2019 model year, returning to production for the first time in 17 years. Supra will soon go head-to-head against its performance-car brethren in Chevrolet's Camaro SS and Ford's Mustang.