crypto etf, Crypto ETP, crypto trading volume, ETC Group, Exchange-traded products, record high, six swiss exchange, swiss stock exchange, Switzerland

Switzerland’s principal stock exchange has revealed that its crypto trading volume hit a record high of CHF 1.1 billion ($1.23 billion) in 2020. The exchange now offers 34 exchange-traded products, allowing investors “access to 100 different crypto products trading on our platform,†said the exchange’s head of markets.

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

SIX Swiss Exchange, Switzerland’s principal stock exchange, announced Wednesday that its crypto trading volume hit a record high last year. The announcement details:

It adds that this volume “surpassed the record CHF 525 million from 2017 by 112%.†In addition, “the number of trades reached a new record of 48,024.â€

New Crypto ETP Listing

Concurrently, the Zurich-based stock exchange also welcomed ETC Group as its new crypto exchange-traded product (ETP) issuer. “ETC Group lists a bitcoin ETP, taking the number of ETP providers to six and the number of ETPs to 34,†the exchange confirmed.

“With the listing of the Btcetc Bitcoin ETP (Primary Ticker: BTCE) by ETC Group, the Swiss Stock Exchange is strengthening its position as [a] world leading marketplace for regulated crypto products,†the announcement notes. The newly listed product tracks the price of bitcoin and is 100% physically backed; it is trading in USD, GBP, and CHF.

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

What do you think about all the crypto exchange-traded products on the Swiss stock exchange? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

RELATED NEWS

177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Services

A 177-year-old bank in Switzerland has enabled cryptocurrency trading within its services, with expectations to expand. Bordier & Cie SCmA added bitcoin and other cryptos to its list of services by partnering with a well-known domestic crypto player. Bordier Customers Can Also Buy and Hold Other Cryptos According to the announcement, the Swiss bank, founded […]

Xem chi tiết: 177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Services

Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets Rise to $44 Billion This Month

The total assets under management across all crypto exchange-traded products (ETPs) worldwide have risen 50% this month to nearly $44 billion. Among listed products, Grayscale’s bitcoin trust tops the list with the most assets under management while Bitwise’s fund was the best performing bitcoin product by market price over the last 30 days. Cryptocompare published […]

Xem chi tiết: Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets Rise to $44 Billion This Month

177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Services

A 177-year-old bank in Switzerland has enabled cryptocurrency trading within its services, with expectations to expand. Bordier & Cie SCmA added bitcoin and other cryptos to its list of services by partnering with a well-known domestic crypto player. Bordier Customers Can Also Buy and Hold Other Cryptos According to the announcement, the Swiss bank, founded […]

Xem chi tiết: 177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Services

Swiss Companies Issue First Tokenized Asset for Trading Under New National Blockchain Rules

New legal provisions on distributed ledger technology (DLT) went into effect on Feb. 1 in Switzerland. After the implementation, two local companies announced that they had issued the first tokenized asset under the brand-new law. ‘Fine Wine’ Token Is Available for Sygnum Bank’s Clients Per the announcement, Swiss digital asset bank Sygnum and Fine Wine […]

Xem chi tiết: Swiss Companies Issue First Tokenized Asset for Trading Under New National Blockchain Rules

BIS Chief Banker Criticizes Bitcoin as Inherently Risky, Says BTC Vulnerable to 51% Attack

Bank for International Settlements (BIS) general manager Agustin Carstens has criticized bitcoin saying the asset was inherently risky and “increasingly vulnerable†to a 51% attack. A long time bitcoin (BTC) skeptic, Carstens stressed that only central banks should be issuing digital currencies. “Investors must be cognizant that bitcoin may well break down altogether,†he opined, […]

Xem chi tiết: BIS Chief Banker Criticizes Bitcoin as Inherently Risky, Says BTC Vulnerable to 51% Attack

Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

Investors are increasingly seeking exposure to bitcoin following the recent months-long price rally. Bitcoin exchange-traded products are seeing record trading volumes. Meanwhile, more big banks are reportedly trying to get into the crypto space, including Goldman Sachs. High Demand for Bitcoin and Crypto Products With the price of bitcoin rapidly rising over recent months, more […]

Xem chi tiết: Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

Investors are increasingly seeking exposure to bitcoin following the recent months-long price rally. Bitcoin exchange-traded products are seeing record trading volumes. Meanwhile, more big banks are reportedly trying to get into the crypto space, including Goldman Sachs. High Demand for Bitcoin and Crypto Products With the price of bitcoin rapidly rising over recent months, more […]

Xem chi tiết: Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In

Regulated Bitcoin ETPs Skyrocket, Coinshares Cites ‘Unprecedented Interest from Institutional Investors’

The Sweden-based XBT provider Coinshares saw roughly $202 million in XBT certificates swap hands on the market’s first day of trading in 2021. Meanwhile, on the same day, the bitcoin exchange-traded product BTCE saw $100 million in trade volume. Coinshares Group is a European firm dedicated to crypto-finance and exchange-traded products. The bitcoin exchange-traded note […]

Xem chi tiết: Regulated Bitcoin ETPs Skyrocket, Coinshares Cites ‘Unprecedented Interest from Institutional Investors’

Swiss Crypto Bank SEBA Raises $22.5M to Fuel Growth

Crypto Bank Sygnum Tokenizes Shares, Eyes Public Offering

SDX Chief Gets Philosophical About Crypto’s Swiss-Singapore Connection

German Stock Exchange’s Crypto Trading App Surpasses $1 Billion Volume This Year

SIX Stock Exchange Joins Venture Opening Up Digital Assets to Swiss Banks

Swiss Firm Launches ‘No-Fee’ Bitcoin Exchange-Traded Product on Nordic Growth Market

VanEck Launches Bitcoin Exchange-Traded Note on Deutsche Boerse

Gazprombank Switzerland Executes First Bitcoin Trades, Announces Payments Initiative

Other Articles