The rate of crypto adoption is undoubtedly on an upward trajectory. With prominent companies exploring the prospects of cryptocurrencies, digital assets have found shelter at stock exchanges as well. While several stock exchanges have already listed popular cryptocurrencies like Bitcoin [BTC] as well as Ethereum [ETH], many stock exchanges from across the globe have been jumping the bandwagon.
The latest stock exchange to join the list is the Singapore Exchange [SGX]. On Tuesday, the Singapore-based exchange shared a press release announcing the same.
Singapore Exchange To Bolster Crypto Adoption
As per the release, the exchange intends to roll out crypto indices namely iEdge Bitcoin Index as well as iEdge Ethereum Index under the SGX iEdge index suite. This is touted as the first of its kind and is the result of the collaboration between the Singapore Exchange along with CryptoCompare, a United Kingdom-based crypto platform.
SGX is considered one of Asia’s biggest multi-asset exchanges. The platform’s latest move could further bring in institutional investors in increased numbers. The Head of Index Services at SGX, Simon Karaban pointed out that the world was traversing into digitalization and cryptocurrencies would be of great interest to many. Speaking about the partnership he added,
“We are excited about this collaboration with CryptoCompare to offer a suite of new indices for market participants in Asia, reinforcing our endeavor to innovate and meet market needs.”
The Commercial Director of CryptoCompare, James Harris also commented on the latest collaboration and revealed that the inclusion of transparency to digital asset class was the mission of the crypto platform. He further stated,
“We are delighted to work in partnership with SGX to offer greater global access to institutional-grade digital assets products on Asia’s leading multi-asset exchange.”
Singapore Exchange wasn’t the only one to extend its support to crypto assets. Prominent Vienna-based stock exchange, Wiener Börse also joined the list.
Wiener Börse Lists A Bitcoin Product
The platform, also known as Vienna Stock Exchange revealed that it had listed Bitcoin [BTC] and Ethereum [ETH] ETPs from the 21 Shares AG. Listing these exchange-traded products, ABTC and AETH further made the Vienna Stock Exchange the one among the two other platforms to list a Bitcoin product.
As numerous exchanges across the world recognize the potentials of the crypto market, the rate of adoption could also witness a surge in the coming days.