Introducing Brokers Introducing Brokers
Monthly Notification, Saxo Bank
28 August 2017

Your clients can now get exposure to Bitcoin

​Interest in cryptocurrencies has grown exponentially in 2017 thanks in large part to increased supply and demand in China and Japan. As a result, traders ha...

​Interest in cryptocurrencies has grown exponentially in 2017 thanks in large part to increased supply and demand in China and Japan. As a result, traders have increasingly yearned for a product which enables them to speculate on the price of Bitcoin, the original and most well-known cryptocurrency.

Saxo’s two new ETNs

Saxo clients can get exposure to Bitcoin through two new Exchange Traded Notes (ETNs) designed to track the movement of Bitcoin against the US Dollar (BTC/USD).

‘Bitcoin Tracker One’ is traded in Swedish krona (SEK) and ‘Bitcoin Tracker EURO’ is traded in Euro (EUR). Both ETNs are issued by XBT Provider AB and traded on Nasdaq OMX (Stockholm).

If you are subscribed to these exchanges, the Bitcoin trackers will be enabled automatically on your platform.

How to find Bitcoin in the platform?

The easiest way to find the new instruments is by searching for “bitcoin” in the trading platform. The ETNs will appear in your search result list.

 

Latest News and Insights on bitcoin on other crypto-currencies are available on tradingfloor.com

Quick facts

Product type:  ​Certificate (Exchange Traded Note)
​Symbols: ​BITCOIN_XBT:xome (SEK) / BITCOIN_XBTE:xome (EUR)
​Exchange: ​Nasdaq (Stockholm)
​Issuer: ​XBT Provider AB (publ)
​Underlying asset: ​Bitcoin nominated in USD
​Leverage: ​1:1
​Expiry date: ​Open-ended
Annual fee: ​2.5%
​Fact Sheet: Click here
Issuer website: Click here

 

Risk Warning:
Please ensure you and your clients understand the risks involved in trading ETNs, including credit-, liquidity- and market risk before starting to trade these products.