Germany’s Second-Top Exchange Börse Stuttgart Lists Ripple and Litecoin-Based ETNs

Börse Stuttgart, Europe’s tenth-largest exchange, announced trading of XRP and litecoin-based exchange-traded notes. Börse Stuttgart (SWB), the second-largest stock exchange in Germany, has listed two crypto exchange-traded notes (ETNs), according to a press release shared with Cointelegraph on May 13.Based on two major cryptocurrencies, XRP and litecoin (LTC), and issued through XBT Provider, the ETNs can now be traded against the Swedish krona (SEK) and euro (EUR) on Börse Stuttgart, Europe’s tenth-largest exchange, the announcement says.The SWB’s crypto ETNs listing purportedly allows investors to track the future price developments of XRP and LTC through exchange-traded securities, which is the first initiative of its kind in Germany, Boerse Stuttgart executive Jürgen Dietrich explained in the press release.Similarly to other exchange-traded products, crypto ETNs are reportedly available for trading on the exchange from 8:00 to 22:00 Central European Time (CET).XRP and LTC-based ETNs have already been trading in Sweden at Boerse Stuttgart-owned exchange Nordic Growth Market (NGM) since April 4.Earlier this year, Boerse Stuttgart officially launched its crypto-trading application, Bison.Recently, the world’s second-largest stock exchange Nasdaq was rumored to test trading of a bitcoin (BTC)-based product.…

ECB President Mario Draghi: Cryptos Are Not Currencies, They Are Very Risky Assets

European Central Bank president Mario Draghi said that cryptocurrencies are not real currencies. European Central Bank (ECB) president Mario Draghi said that cryptocurrencies are not real currencies during the ECB Youth Dialogue meeting with the winners of the Generation €uro Students’ Award, as Cointelegraph Italia reported on May 9.During the meeting, Draghi answered a question about cryptocurrencies asked by one of the winners of the award:“Cryptocurrencies or bitcoins, or anything like that, are not really currencies — they are assets.…

Crypto Markets See Gentle Green, US Stocks Edge Lower at Opening Bell

Yesterday’s mild market movements continue, with most of the top twenty cryptocurrencies seeing mild green. Thursday, May 2 — yesterday’s mild market movements continues, with most of the top twenty cryptocurrencies seeing mild green on the day at press time with typical growth of between 1 and 3%, as Coin360 data shows.Market visualization courtesy of Coin360Bitcoin (BTC) is up 1.4% on the day and is trading at $5,455 by press time, according to CoinMarketCap.…