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Canadian cryptocurrency company launches LDGR's ETF
For a report by The Globe And Mail, a subsidiary of the leading Canadian cryptocurrency platform, Coinsquare, has just launched two new ETFs (exchange -traded fund) technology-oriented in Toronto Stock Exchange (TSX). Coin Capital Investment Management, a subsidiary of the Canadian crypto startup portfolio, announced the listing of the Coincapital STOXX Blockchain Patent Innovation Index Fund (LDGR) on the TSX on Thursday morning.
As the name implies, LDGR will provide interested investors with a way to invest in promising blockchain innovations through an alternative investment vehicle that applies low rates (0.64%). More specifically, this new fund, which has flown over most cases, will allow consumers to gain exposure to "global equity securities" of companies heavily invested in the research and development of blockchain technologies.
According to the report by the local media, this new ETF was inspired by the iStoXX & # 39; s Yewno Development Markets Blockchain Index, which is said to hold titles in Mastercard, Johnson Controls and Royal Bank Of Canada .
Along with the launch of LDGR, Coinsquare will also be launching THINK, a fund structured in a similar way with particular attention to biotechnology, robotics, artificial intelligence and nanotechnology.
Speaking on the news, the CEO of Coin Capital, Lewis Bateman, said:
Canadians know technologies like artificial intelligence and the blockchain will change the way we live and work, but it can be difficult to access high quality investments in these sectors without deep domain experiments
Blockchain-focused ETFs have apparently reached the mainstream recently, as companies like Harvest Portfolios and First Trust have launched similar vehicles in the last eight months, which indicates that consumers still seem to want to invest in the development of blockchain, but perhaps not encrypted, or at least at least for now.
CoinSquare: "XRP is now live"
Although XRP has recently taken over the cryptocurrency market, with the price doubled within 72 hours, CoinSquare is apparently ahead of the curve, adding support for the popular cryptographic resource at the beginning of August.
As reported by Ethereum World News earlier, on July 31, 2018, Coinsquare introduced support for XRP trading pairs, bringing on Twitter to reveal that this offer "is now live – in beta."
The features supported in this beta include the financing of your account with XRP, the purchase and trading of XRP through fiat-to-crypto and crypto-to-crypto trading pairs. Due to the fact that this is only a beta version, users will not be able to withdraw their XRP into a third-party portfolio for the time being.
As discussed in the Next Web cryptocurrency column, support for this cryptographic resource has long been evolving, with Coinsquare originally announcing plans in January. Cole Diamond, CEO of Coinsquare, told Bloomberg's Business News Network that follows.
"We will add Ripple, we will add Monero, we will add other digital currencies that have their blockchains and never made ICO (initial offerings of coins) – with the exception of Ethereum."
Coinsquare is now one of the first North American bags supported by fiat. XRP Trading, including regulatory concerns and uncertainty
In related news, the Toronto-based startup still looks set to expand into global markets, with the company that recently revealed a series of plans that could see it open platforms in Europe and Asia in the coming months. So be careful, Coinsquare could make a foray into your place of residence very soon.
Photo of Hitesh Choudhary on Unsplash
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