+- Hack Forums (https://hackforums.net)
+-- Forum: Money (https://hackforums.net/forumdisplay.php?fid=241)
+--- Forum: Crypto Currency (https://hackforums.net/forumdisplay.php?fid=380)
+--- Thread: Ethereum Trading on Nasdaq Stockholm exchange, is this a big deal? (/showthread.php?tid=5735156)
Ethereum Trading on Nasdaq Stockholm exchange, is this a big deal? - Eagerkid - Oct 11, 2017
PURE INVESTMENTS ULTIMATE DISCUSSION
Ethereum Trading on Nasdaq Stockholm exchange, is this a big deal?
Analysis - This is a good step forward, however it is not by any means a revolutionary move in crypto currency. Bitcoin has already done this and was listed awhile ago, what would really be nice would be if it is created into a ETF.
ENT-
Code
ETNs function similarly to exchange-traded funds, except rather than give investors access to a basket of assets, they generally give investors exposure to just a single asset.This is a good start because it will allow more people access to crypto currency and will make it easier for some people to enter the market. ( tax benefits can apply )
Personal security is a huge problem with crypto's. People just dont want to have to be personally liable for their assets, so this will be a good way to make the whole process less taxing on the individual.
This is also only going to be available in the European countries which is fine, you want a fixed community first and then scale it to the world eventually.
Is this a reason to throw your coffee down, push your siblings away from your family computer and invest in Ethereum fast? No. There is still a lot more to come, but we are heading in the right direction and Ethereum is looking more promising for the future.
Coindesk has a good article to read up on if you are so inclined to do so
* - Eagerkid - Oct 16, 2017
I think people are still confused on this, if anyone has any questions feel free to ask me