Hey ninjas, how’s the trading going? The majority of the top 20 cryptocurrencies are reporting gains in the last 24 hours. BTC is still trading above $8K and is reporting 1% gains on the day.
SIX Swiss Exchange, the exchange is based in Zurich and is Switzerland’s main stock exchange. In recent years the exchange has been accommodating to crypto-financial tools, the company was scheduled to launch a blockchain-powered version of its platform but the release was postponed. A prototype will be released instead before the mainnet launch around the fourth quarter of 2020.
Bitcoin Suisse has (Swiss crypto broker) partnered with Amun to launch a new crypto ETP (exchange-traded product) on SIX Swiss exchange. The exchange is reportedly the 13th largest stock exchange in the world. The joint Bitcoin and Ether product is trading under the ticker ABBA, news of its release was reported on the 13th of October by The Block.
The ETP which is 90% Bitcoin and 10% Ether is the largest crypto offering to be launched on SIX, the platform already features Ether, Bitcoin, Bitcoin Cash and other ETP’s. Hany Rashwan, CEO of Amun added that the ETP is a “unique” way for investors to add two major cryptocurrencies to their portfolio.