Swiss Stock Exchange Launches ETP Based on Binance Coin

Leading Swiss stock exchange SIX has launched a traded exchange product (ETP) based on Binance Coin.

A MAJOR step. Now you can trade $ BNB ETP on Swiss Stock Exchange (Ticker: $ ABNB ).

Further bridging between #crypto (& #bnb ) with the traditional financial world!

Thanks to @AmunAG ! https://t.co/hK8ku53no6

– CZ Binance (@cz_binance) October 15, 2019

“An important step. You can now trade BNB on the Swiss Stock Exchange (ticker: ABNB). Continued crypto integration with the traditional financial world! Thanks AmunAG! ” Said Binance Exchange Head Zheng Zhao.

Against the backdrop of Binance Coin news with a capitalization of $ 2.8 billion, it grew by 2.5%:

Data: Coin360

In a conversation with CoinDesk, the head of Amun fintech company, Hani Rashwan, noted that initially ETP will be provided with a $ 20 million BNB token, which is almost a quarter of all crypto assets managed by the company.

BNB is already the eighth cryptocurrency product from fintech firm Amun, presented on SIX. ETP based on Ripple's XRP token, Bitcoin, Bitcoin Cash, Ethereum and products based on the crypto assets basket – Amun Crypto Basket Index ETP, Amun Bitwise Select 10 Large Cap Crypto Index ETP are also traded on this exchange.

Recall that just two weeks ago, SIX launched ETP based on Bitcoin and Ethereum .

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