Europe’s Top Speed Trading Firm Flow Traders Joins the Crypto-Economy
Read More Here: https://news.bitcoin.com/europes-top-speed-trading-firm-flow-traders-joins-the-crypto-economy/
By: Jamie Redman
Posted: July 07, 2018
Also read: Switzerland Considers Granting Crypto Businesses Access to Banking Services
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This week one of Europe’s largest speed trading platforms and exchange-traded fund (ETFs) dealers, Flow Traders NV, announced the firm is entering the cryptocurrency space by offering bitcoin and ethereum exchange-traded notes (ETNs) to its clientele.
Speed Trading Platform Flow Traders Enters the Cryptocurrency Trading Ecosystem
The Amsterdam market maker, Flow Traders, provides liquidity to its customers by providing traders bid and offer prices for Exchange Traded Products (ETPs). Flow Traders was founded in 2004 and has become one of the top ETP exchanges in Europe, pulling in over €250 million in revenue per year. Now the trading platform has announced it’s entering the cryptocurrency space by providing customers ethereum and bitcoin ETNs. According to Flow Trader’s Co-Chief Executive Officer Dennis Dijkstra, the company’s trade volumes have “dramatically increased.”
“People underestimate crypto,” Dijkstra explains during an interview on July 6.
It’s big, and it is to be regulated very soon. The market participants are much more professional than people think. Institutional investors are interested — we know they are because we get requests.