The Swiss SIX tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details platform, one of the largest European stock exchanges, is launching a new ETP product that will unite two cryptocurrency assets – bitcoin and ether. The creators of the tool Amun AG and Bitcoin Suisse were informed about this at a joint press release.
The launch of ETP
Amun AG and Bitcoin Suisse AG cryptocurrency services companies have teamed up to launch ETP. The product combines two digital currencies – Bitcoin and Ethereum in a proportion of 9 to 1, respectively. ETP will be traded on the SIX stock exchange under the ABBA ticker symbol. The cryptocurrency product will allow Swiss investors to simultaneously add bitcoins and ethers to the portfolio. At a joint press release, it was said that the product was launched as a result of the growing demand for cryptocurrency ETP.
Amun AG CEO Hany Rashwan said
“ETP is fully secured. That is, for each unit of cryptocurrency purchased for it, a similar amount of bitcoin and ether will be bought. Cryptocurrency assets will be stored securely in the Bitcoin Suiss Vault ”
He also noted
“This is a unique way to add the two largest cryptocurrencies to your investment portfolio at once through a regulated product presented on the leading Swiss exchange and supported by the Swiss custodian of assets.”
- Currently, more than 2000 cryptocurrencies and digital tokens are traded in the cryptocurrency system. Most cryptocurrencies overly promise to revolutionize certain areas of trade, and some altcoins have even gone so far as to claim to be the best, updated version of Bitcoin.