Switzerland’s principal inventory change has revealed that its crypto buying and selling quantity hit a document excessive of CHF 1.1 billion ($1.23 billion) in 2020. The change now gives 34 exchange-traded merchandise, permitting traders “entry to 100 completely different crypto merchandise buying and selling on our platform,” stated the change’s head of markets.
Crypto Buying and selling Quantity on Switzerland’s Inventory Alternate Hit File Excessive
SIX Swiss Alternate, Switzerland’s principal inventory change, introduced Wednesday that its crypto buying and selling quantity hit a document excessive final yr. The announcement particulars:
The Swiss Inventory Alternate, the world’s main market for regulated crypto merchandise, has registered a break of the billion barrier in buying and selling turnover in crypto merchandise for the primary time with CHF 1.1 billion in 2020.
It provides that this quantity “surpassed the document CHF 525 million from 2017 by 112%.” As well as, “the variety of trades reached a brand new document of 48,024.”
New Crypto ETP Itemizing
Concurrently, the Zurich-based inventory change additionally welcomed ETC Group as its new crypto exchange-traded product (ETP) issuer. “ETC Group lists a bitcoin ETP, taking the variety of ETP suppliers to 6 and the variety of ETPs to 34,” the change confirmed.
“With the itemizing of the Btcetc Bitcoin ETP (Main Ticker: BTCE) by ETC Group, the Swiss Inventory Alternate is strengthening its place as [a] world main market for regulated crypto merchandise,” the announcement notes. The newly listed product tracks the worth of bitcoin and is 100% bodily backed; it’s buying and selling in USD, GBP, and CHF.
Christian Reuss, Head of Markets at SIX Swiss Alternate, commented:
With the brand new product, traders acquire entry to 100 completely different crypto merchandise buying and selling on our platform and with this have much more alternatives to diversify their portfolio.
What do you concentrate on all of the crypto exchange-traded merchandise on the Swiss inventory change? Tell us within the feedback part beneath.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any injury or loss induced or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or companies talked about on this article.