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Swiss Stock Exchange's Crypto Trading Volume Soars — Hits Record $1.2 Billion

Swiss Stock Exchange’s Crypto Trading Volume Soars — Hits Record $1.2 Billion

Switzerland’s principal inventory change has revealed that its crypto buying and selling quantity hit a document excessive of CHF 1.1 billion ($1.23 billion) in 2020. The change now affords 34 exchange-traded merchandise, permitting buyers “entry to 100 totally different crypto merchandise buying and selling on our platform,” stated the change’s head of markets.

Crypto Trading Volume on Switzerland’s Stock Exchange Hit Record High

SIX Swiss Exchange, Switzerland’s principal inventory change, introduced Wednesday that its crypto buying and selling quantity hit a document excessive final 12 months. The announcement particulars:

The Swiss Stock Exchange, the world’s main market for regulated crypto merchandise, has registered a break of the billion barrier in buying and selling turnover in crypto merchandise for the primary time with CHF 1.1 billion in 2020.

It provides that this quantity “surpassed the document CHF 525 million from 2017 by 112%.” In addition, “the variety of trades reached a brand new document of 48,024.”

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New Crypto ETP Listing

Concurrently, the Zurich-based inventory change additionally welcomed ETC Group as its new crypto exchange-traded product (ETP) issuer. “ETC Group lists a bitcoin ETP, taking the variety of ETP suppliers to 6 and the variety of ETPs to 34,” the change confirmed.

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“With the itemizing of the Btcetc Bitcoin ETP (Primary Ticker: BTCE) by ETC Group, the Swiss Stock Exchange is strengthening its place as [a] world main market for regulated crypto merchandise,” the announcement notes. The newly listed product tracks the value of bitcoin and is 100% bodily backed; it’s buying and selling in USD, GBP, and CHF.

Christian Reuss, Head of Markets at SIX Swiss Exchange, commented:

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With the brand new product, buyers achieve entry to 100 totally different crypto merchandise buying and selling on our platform and with this have much more alternatives to diversify their portfolio.

What do you concentrate on all of the crypto exchange-traded merchandise on the Swiss inventory change? Let us know within the feedback part under.

EditorialTeam

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