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UK’s Largest Online Trading Platform to Offer Ethereum-Based Notes

Hargreaves Lansdown to offer Ethereum exchange-traded notes.

Hargreaves Lansdown, the largest online trading platform in the UK, announced this week that it will be launching two new exchange traded notes (ETNs) based on Ethereum. One note will be denominated in Swedish krona, while the other will be Euro denominated. Both will be listed on Nasdaq OMX.

Danny Cox, head of communications at Hargreaves Lansdown, described the new tracking notes as a “complex investment for sophisticated self-select investors,” according to CityWire.

Swedish company XBT Provider is the issuer of the notes. XBT provider is the same firm that is behind the Bitcoin tracking notes that were introduced earlier this year by Hargreaves Lansdown.

Source: Coinbase

We’ve written about Ethereum frequently in this space, and we continue to believe that it will outpace Bitcoin and other digital currencies in the long run. As Mike Orcutt, associate editor of MIT Technology Review, eloquently states, “Whereas Bitcoin is the first shared global accounting ledger, Ethereum is supposed to be the first shared global computer. The technology is nascent, and there are plenty of kinks to iron out, but that’s what all the fuss is about.