Crypto company 21Shares: Bitcoin ETP is live on Nasdaq Dubai

Cryptocurrency firm 21Shares announced Wednesday that it has listed Bitcoin ETP on Nasdaq Dubai.

Decidedly, cryptos are scoring points lately. The United Arab Emirates is among those who are jumping on board with the technology. Moreover, Dubai is a notorious tax haven and does not hide its ambition to become a regional hub for cryptos.

For proof, the big platforms like Binance are already present there. This time, it’s around the crypto company 21Shares which announced that its subsidiary 21Shares AG had listed a bitcoin exchange-traded product (ETP) on Nasdaq Dubai, making it the first physically backed bitcoin ETP in the Middle East.

The 21Shares Bitcoin ETP trades, under the ticker ABTC, in the same manner as the 21Shares Bitcoin ETP in Europe, 21.co said in a statement.

After listing in Dubai, 21Shares has 46 products listed in seven countries, 21.co adds.

Hany Rashwan, CEO and co-founder of 21Shares, said in the statement that the company “will continue to support the Middle East’s ambitions to become a global crypto hub”

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Article written by: Laeti Marison (SatoshiBelle)

Laeti Marison, also known as SatoshiBelle, is a multifaceted professional with a passion for community management, content creation, and digital marketing. With a diverse background in various roles, Laeti has consistently demonstrated her expertise and dedication in the field. Recognizing her potential, Laeti then took on the responsibilities of a Project and Community Manager at Magna Numeris and Cartam from November 2018 to March 2021. In this role, she showcased her ability to successfully lead projects and foster strong relationships within the community. Currently, Laeti serves as an SEO content writer, Digital Marketing Manager, and co-founder at Trendingcrypto.news magazine, starting from February 2022 till now. Through her expertise in digital marketing and her passion for the crypto industry, she has contributed to the success of the magazine, ensuring its content remains relevant, engaging, and informative.