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(Kitco News) - Cryptocurrency-related activity in the Middle East is on the rise as the global integration of blockchain technology and digital assets continues to expand to every jurisdiction on the planet.
On Wednesday, 21 Shares, a global provider of cryptocurrency exchange-trading products (ETP), debuted the launch of a physically-backed Bitcoin ETP in the United Arab Emirates (UAE). The new Bitcoin ETP is currently available on the international financial exchange Nasdaq Dubai under the ticker ABTC.
The new product is physically backed and fully collateralized by Bitcoin with 1:1 leverage. According to 21Shares co-founder and CEO Hany Rashwan, the underlying cryptoassets are stored in an offline wallet to ensure better security.
The launch into the UAE market is a milestone for 21 Shares, the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...