Switzerland’s principal inventory trade has revealed that its crypto buying and selling quantity hit a file excessive of CHF 1.1 billion ($1.23 billion) in 2020. The trade now provides 34 exchange-traded merchandise, permitting buyers “entry to 100 completely different crypto merchandise buying and selling on our platform,” mentioned the trade’s head of markets.
Crypto Buying and selling Quantity on Switzerland’s Inventory Alternate Hit File Excessive
SIX Swiss Alternate, Switzerland’s principal inventory trade, introduced Wednesday that its crypto buying and selling quantity hit a file 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 file CHF 525 million from 2017 by 112%.” As well as, “the variety of trades reached a brand new file of 48,024.”
New Crypto ETP Itemizing
Concurrently, the Zurich-based inventory trade 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 trade confirmed.
“With the itemizing of the Btcetc Bitcoin ETP (Major 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 value 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, buyers achieve 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 trade? Tell us within the feedback part beneath.
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