Vontobel: World First for Bitcoin
Bank Vontobel remains true to its role as an innovative product provider for Bitcoin investors. It has filled an essential gap in the Bitcoin world.
Vontobel was the first provider of a tracker certificate on Bitcoin for Swiss and German investors the product launched in 2016 proved to be a success. Now Vontobel has become the first provider in the world to launch short mini-futures on Bitcoin on the stock market, according to a press release from the bank.
Investors thus have the opportunity to speculate on falling prices of the highly volatile cryptocurrency. Although it had been possible to «shorten» Bitcoin before, for example via so-called Contracts for Difference (CFD). But these are firstly expensive and secondly even riskier than mini-futures.
«This is further proof of Vontobel’s capacity for and speed of innovation as one of the leading providers of structured products,» said Roger Studer, head of Vontobel Investment Banking.
