1 year ago
Leading crypto exchange-traded merchandise (ETP) issuer 21Shares has listed the archetypal physically backed-bitcoin ETP connected Nasdaq Dubai for the Middle East market.
21Shares announced that its archetypal spot Bitcoin ETP volition beryllium trading nether the ticker ABTC connected Nasdaq Dubai.
Today, @21Shares proudly entered the Middle East with the motorboat of the archetypal physically-backed bitcoin ETP $ABTC connected Nasdaq Dubai. We’re precise excited to beryllium serving investors successful the UAE! Ya hala! 
pic.twitter.com/KyvLmEZe26
— 21Shares (@21Shares) October 12, 2022
21Shares enforcement Hany Rashwan noted that the Middle East was accelerated becoming a crypto hotspot, which strengthens the company’s determination to bring the ETP merchandise to Dubai.
Rashwan added that his institution volition proceed to enactment the Middle East connected its thrust to go a planetary crypto hub.
A caller Chainanlysis study named the Middle East and North Africa arsenic the fastest-growing cryptocurrency region, with trading measurement spiking by 48% by the extremity of the 2nd quarter.
Head of 21Shares successful the Middle East Sherif El-Haddad affirmed that the institution volition beryllium good positioned to beforehand crypto adoption successful the region.
“Cryptocurrencies are accelerated becoming the plus of the aboriginal for investors and wealthiness managers astir the world, arsenic planetary crypto adoption and concern levels proceed to accelerate astatine pace- and the Middle East is simply a large accelerator of this growth,”El-Haddad said.
21Shares’ latest spot Bitcoin ETP adds to the company’s increasing database of 46 ETP products listed crossed 12 exchanges successful 7 countries.
In April, 21Shares launched the archetypal spot Bitcoin ETF (EBTC) and Ethereum ETF (EETH) successful Australia.
The station 21Shares spot Bitcoin ETP goes unrecorded connected Nasdaq Dubai appeared archetypal connected CryptoSlate.
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