The major Swiss stock exchange revealed that its cryptocurrency trading volume reached a record high of 1.1 billion Swiss francs (1.23 billion US dollars) in 2020.The exchange now offers 34 exchange-traded products, enabling investors The head of the exchange’s market said: “100 different crypto products can be traded on our platform.”

Swiss stock exchange cryptocurrency trading volume hits record high

The Sixth Swiss Exchange, the main Swiss stock exchange, announced on Wednesday that its cryptocurrency trading volume reached a record high last year. Announcement details:

The Swiss Stock Exchange is the world’s leading market for regulated crypto products. Its crypto product trading turnover has exceeded the $1 billion mark for the first time, reaching 1.1 billion Swiss francs in 2020.

It added that this amount was “112% higher than the 2017 record of 525 million Swiss francs.” In addition, “the number of transactions set a new record of 48,024.”

New encrypted ETP list

At the same time, the Zurich-based stock exchange also welcomes ETC Group as its new cryptocurrency exchange-traded product (ETP) issuer. The exchange confirmed: “ETC Group has listed a Bitcoin ETP, increasing the number of ETP providers to 6, and increasing the number of ETPs to 34.”

“With the listing of ETC Group on the Btcetc Bitcoin ETP (main ticker symbol: BTCE), the Swiss Stock Exchange is consolidating its role [a] The statement stated: “The world’s leading market for regulated crypto products.” The newly launched product tracks the price of Bitcoin and is 100% backed in kind; it is traded in U.S. dollars, British pounds, and Swiss francs.

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Christian Reuss, Head of Markets at the Sixth Swiss Exchange, commented:

With the new product, investors can trade 100 different crypto products on our platform, thus having more opportunities to diversify their investment portfolio.

What do you think of all cryptocurrency exchange trading products of the Swiss Stock Exchange? Let us know in the comments section below.

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