Bitcoin Tracker One ETN Now Trading Worldwide via Interactive Brokers


Last month Bitcoin Magazine reported that Bitcoin Tracker One, the first Bitcoin-based security available on a regulated exchange, started trading on Nasdaq Stockholm. Now, Bitcoin Tracker One, a product launched by the Swedish company XBT Provider AB, is available to investors in 179 countries via Interactive Brokers.

Bitcoin Tracker One is an “Exchange Traded Note” (ETN) designed to provide investors with convenient access to the returns of the underlying asset, U.S. dollar (USD) per bitcoin, less investor fees. The average dollar exchange rate of bitcoin from the exchanges Bitfinex, Bitstamp and OKCoin provides the underlying reference price. A detailed breakdown of the value of Bitcoin Tracker One is given here.

Interactive Brokers LLC (IB) is a U.S.-based online discount brokerage firm. It is the largest U.S. online brokerage firm by number of daily average revenue trades, as well as the leading foreign exchange broker. The company is a provider of fully disclosed and nondisclosed broker accounts and provides correspondent clearing services to 200 introducing brokers worldwide. The company allows account holders to trade on more than 100 market centers in 24 countries, with direct market access to stocks, options, futures, forex, bonds, exchange traded funds

Read more ... source: TheBitcoinNews