Swiss crypto broker Bitcoin Suisse has partnered with fintech firm Amun to launch a new crypto exchange-traded product on the country's stock exchange SIX."ABBA" Bitcoin and Ether ETP goes live.
As industry media outlet The Block reported on Oct. 3, the joint Bitcoin and Ether product, trading under the ticker ABBA, is already live on SIX exchange.
It represents the latest crypto offering to launch on SIX, which already features dedicated Bitcoin, Ether, Bitcoin Cash and other ETPs.
"It represents a unique way for investors to add the two major cryptocurrencies globally to their portfolio via a regulated product listed on SIX and backed by a Swiss-based custodian."
As Cointelegraph reported, SIX has opened its doors to crypto financial tools in recent years as part of an overall move to embrace the sector.
The company is preparing to launch a blockchain-powered version of its platform dubbed SDX, but postponed the release.
A prototype will instead run prior to a later mainnet launch in Q4 next year.
"SDX is a testament to the innovative nature of the Swiss stock exchange and the foresight of its shareholders - we are combining existing market technology with revolutionary new technologies to create the market of the future."
Swiss Exchange SIX Lists Joint Bitcoin and Ether Exchange-Traded Product
Published on Oct 3, 2019
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.