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

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Amsterdam-based speed trader Flow Traders NV has entered the cryptocurrency market despite the warnings of the Dutch Authority for the Financial Markets (AFM) not to buy and sell digital currencies, Bloomberg reported July 5.

Europe’s largest trader of exchange-traded funds Flow Traders NV is reportedly the first firm to buy and sell exchange-traded notes based on Bitcoin (BTC) and Ethereum (ETH). According to Bloomberg, such publicly traded notes could broaden the appeal of crypto by making it easier and cheaper to invest. Co-Chief Executive Officer of Flow Traders NV Dennis Dijkstra said that cryptocurrencies are underestimated, adding:

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