Exchanges

06/03/19 06:00 UTC-4

Start of Ethereum-ETP trading on the SIX Swiss stock-exchange

The Swiss stock-exchange begins ETP tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
based on Ethereum – it is reported on the website of the trading platform.

SIX Swiss stock-exchange announced the release of the ETH exchange product. On March 5th, the first trading day for ETP was held, which is supported by the Amun AG Swiss company. The launch will take place a month after SIX announced its intention to launch an exchange on the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
in the second half of this year.

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Start trading

SIX, the main stock-exchange in Switzerland based in Zurich, started trading in exchange product, based on Ethereum and Amun Ethereum ETP. Flow Traders, a liquidityLiquidity
– is a term that means the ability to sell any financial assets (below or above the market price). The term “liquidity” in Latin means “liquid”, “flowing”.Details
provider specializing in ETP, will provide market creation services for AETH on SIX.

ETP is supported by Amun AG Swiss startup, a company that claims to have launched "the world's first crypto index product" in the form of ATP Crypto Basket Index ETP (HODL). The HODL index also trades on the SIX Swiss Exchange, and Flow Traders providing liquidity to the market.

The first crypto-ETP of a Swiss startup was approved by SIX last November. The product is based on the basket index of the five leading cryptocurrencies, their weight in the Amun Crypto Basket Index ETP was 48.13% Bitcoins, 29% XRP, 16.39% Ethereum, 3.74% Bitcoin Cash (ABC) and 2.74% Litecoin . After launching the Crypto Basket Index ETP, the company announced the creation of exchange products based on each of the five cryptoactive assets.

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Beginning of Ethereum-ETP trading on the SIX Swiss stock exchange. Since its launch in the last week of November 2018, Amun reports that the HODL has added 1113 percent. On the first day of trading, the index was trading at $ 400,000.

Recall that the SIX Swiss Exchange plans by the end of the year to launch a blockchain trading platform for digital assets – SIX Digital Exchange (SDX). The exchange intends to conduct its own initial placement of security tokens (STO) on it to attract financing.

Editor: Godfrid Brower

See also: "Cryptopia Exchange resumed work: compensation for victims"

#trading #Ethereum #ETP #exchange #SIX

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