Bitcoin ‘Sect’ Stuns Online Broker in Sweden With 50-Fold Jump
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Bitcoin futures just became a reality on Wall Street, but Sweden has been offering derivatives on the cryptocurrency for years. That gentrification has driven bitcoin trading in Scandinavia’s biggest economy to alarming levels, according to an online brokerage that facilitates the transactions.
“The euphoria is about to get totally out of hand,” said Claes Hemberg, who works as a savings adviser at Avanza AB. The firm provides a digital platform for Swedes to trade everything from shares in some of the biggest Nordic companies to more exotic products such as bitcoin exchange-traded notes.