Leverage Shares Proposes ETP Securities with 3x Long Exposure to Coinbase

A financial instrument offering a 3x long exposure to Coinbase's performance has been proposed by Leverage Shares Public Limited Company.

The ETP Securities, which will be listed on the London Stock Exchange, will track the 3x Long Coinbase Investment Strategy. This strategy is designed to provide investors with a leveraged long position in Coinbase, meaning that their returns will be three times those of the actual price movements of the cryptocurrency.

The issue is conditional on admission to trading on the Main Market of the London Stock Exchange and has been submitted for approval by the Financial Conduct Authority (FCA).