Societe Generale, the 19th largest bank in the world, has taken a revolutionary step in Bitcoin and Ethereum.
Therefore, French banking giant Société Generale and ETF issuer 21 shares have established a partnership.
21Share has announced a partnership with Société Generale to increase ETP liquidity in Germany and Eastern Europe.
Under this agreement, Société General will provide liquidity and market production services to 21 shares of Bitcoin and Ethereum (ABTC, CBTC, AETH, CETH) ETP in the European market.
Banks provide over-the-counter (OTC) liquidity to support 21 shares of Bitcoin and Ethereum trading.
This collaboration will bring 21Shares’ BTC and ETH products to join Societe Generale’s existing market creation platform. This will reach professional investors with a wider audience and expand its institutional scope across Europe.
Alistair Byas-Perry, global investment manager for 21 shares, said:
“As we continue to expand access to ETP, we are excited to partner with Société General, a leading player in the European ETF space.
By providing liquidity to Bitcoin and Ethereum ETPS, Societe Generale helps to promote its mission to provide the market with the most efficient and reliable crypto investment solutions. ”
*This is not investment advice.
