ETF Trader Moves Into Crypto Despite Regulator’s Warning One of the major speed trading company in Europe has hopped into the crypto markets, disregarding its regulator’s warnings to customers and organizations not to involve in crypto markets. Financial Markets (AFM) a Dutch Authority has taken a warning stand on cryptocurrencies, stating that there could discourage activities in cryptos both by consumers and professional license holders. XBT Provider, a Swedish crypto ETN issuer mentioned that the flow Traders has radically increased trading volumes. Particularly, market observers believe openly traded notes/funds would make crypto trading more interesting for organized investors as it is a secure and simple way to gain contacts to the exciting new asset class. AFM Demoralizes Activities in Crypto exchange As per Nienke Torensma, a spokesperson from AFM stated that with the virtue of its newness and the secrecy fortunately for Flow Traders NV, the AFM can’t stop firms from trading regulated instruments on regulated exchanges. Flow Traders NV evidently needs to stay on side with the controllers, with Dennis Dijkstra saying that “The biggest thing is keeping the regulators on board.” In spite of continuing disapproval from numerous institutions such as the BIS and the Bank of England, big institutional trading firms have been entering the market even though retail interest has been ebbing since December. Laurent Kssis, managing director at XBT Provider stated that with the increasing interest from institutional clients eager to invest in digital assets, and several proprietary trading businesses are now focusing on this new asset class. XBT Provider is part of London-based CoinShares company. As with most authorities, the AFM wishes a united global regulatory method to cryptocurrencies. In this respect, Malta has been making development while the UK industry body CryptoUK has also been pushing for regulations. With so many jurisdictions, however, drafting their own regulations it may be some time before a unified approach is established a spokesperson said to Crypto Globe. Must Read recommended by The post ETF Trader Moves Into Crypto Despite Regulator’s Warning appeared first on OWLT Market.