Bulgaria is another country which has made investing in crypto easier for its citizens. Eight exchange traded notes are now available for investment. These are tied to the two biggest cryptocurrencies, Ethereum and Bitcoin. Bulgaria is following in the footsteps of other European countries which have set up similar opportunities for their citizens.
According to an announcement made by the exchange, investors are now free to buy, sell or trade in any of the eight available ETNs. Cryptocurrencies were introduced by major exchanges like Euronext and the Deutsche Börse a couple of years ago. ETNs make it easy for investors to put their money in an existing product without having to create individual wallets and crypto keys. Instruments like the ETNs comply with regulations and offer easy investment opportunities to those interested.
The Bulgarian Stock Exchange tied up with the Deutsche Börse and Tradegate AG in a multi-year partnership to get help with crypto introduction to Bulgaria. This is a sensible way to ensure that the crypto instruments are liquid, according to the same announcement. Investors can pay in euros during any regular session for trading.
Bulgarian Finance Minister Vasilev has previously talked to Bloomberg News to announce their country’s option considerations to crypto investments. He had said that the country plans to introduce a payment system soon. A joint decision with the country’s national bank and crypto industry representatives had to be made before investors were offered the opportunity.
