Binance and the Swiss organization Amun AG have announced a new product traded on the exchange: ABNB. Traders start their operations today, according to binance.com.
Depositors will receive a new type of assets
Binance and Amun AG have announced a collaboration to create a BNB coin-based ETP product. The tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details was named ABNB. The authors of the product note that the trades start today on the Six Swiss Exchange.
The startup initiators point out that the exchange product motivates the mass transfer to crypto assets. ABNB is of interest not only to the cryptocurrency connoisseurs but also to the market in general. This is what the director of Binance, Changpeng Zhao, says.
The platform’s manager noted that customers would add BNB to the stock portfolios effortlessly. Zhao compared the procedure to buying a stake in a company through a bank. At the time of writing, the price of the BNB token has increased by 2.71%, according to coinmarketcap.com.
Interesting in the section: The history and characteristics of the development of Altcoins in the cryptocurrency society
Investing in altcoins is of interest to depositors who find coins affordable because of their low price. During 2017-2018, many altcoins have grown in price.