Bodily supported Binance Coin ETP is launched on the Swiss inventory alternate

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Cryptocurrency alternate Binance has launched a specifically traded product (ETP) for Binance Coin (BNB) on a Swiss Inventory market.

Binance Coin goes after skilled traders

In a press launch from Cointelegraph on 15 October, Binance confirmed that the BNB ETP would commerce on the SIX Trade from Tuesday.

The ETP comes via a partnership with Amun, an area Swiss startup that has already launched a number of ETP & # 39; s.

The funding device, which affords contracts with bodily substantiation, is a primary for BNB, Binance's inner firm cryptocurrency token. Additional choices for merchants could seem sooner or later.

Binance CEO Changpeng Zhao, often called CZ, responded within the press launch:

"Our partnership with Amun on the launch of the BNB ETP affords traders a brand new and controlled asset class with a novel dimension of tokens, making them extra accessible and dependable via a standard monetary infrastructure."

BNB, presently the seventh largest cryptocurrency per market capitalization, rose by round 4.5% on the again of the information.

SIX is rising its crypto integration

As a Cointelegraph reported, SIX started buying and selling & # 39; the world's first multi-cryptocurrency ETP on the finish of 2018. Organizers, together with Amun, have remained bullish about their attraction to traders, regardless of the combined fortunes which have been noticed on cryptomarkets since then.

Earlier this month, Amun partnered with Bitcoin Suisse to launch an ETP based mostly on the 2 largest cryptocurrencies, Bitcoin (BTC) and Ether (ETH).

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