The main stock exchange in Switzerland has revealed that its crypto trading volume reached a record high of CHF 1.1 billion ($ 1.23 billion) in 2020. The exchange now offers 34 exchange-traded products that make it possible for investors “Access to 100 different crypto products that are traded on our platform,” said the market manager of the exchange.
Crypto trading volume on the Swiss stock exchange reached record high
SIX Swiss Exchange, the most important Swiss exchange, announced on Wednesday that its crypto trading volume reached a record high in the past year. The announcement details:
The Swiss stock exchange, the world’s leading marketplace for regulated crypto products, exceeded the billion mark in trading turnover with crypto products for the first time with CHF 1.1 billion in 2020.
It adds that this volume “has exceeded the record of CHF 525 million from 2017 by 112%”. In addition, “the number of trades hit a new record of 48,024.”
New Crypto ETP list
At the same time, the Zurich-based exchange welcomed the ETC Group as a new issuer of Crypto Exchange Traded Product (ETP). “The ETC Group lists a Bitcoin ETP in which the number of ETP providers increases to six and the number of ETPs to 34,” confirmed the exchange.
“With the listing of the Btcetc Bitcoin ETP (Primary Ticker: BTCE) by the ETC Group, the Swiss Exchange strengthens its position as [a] The world’s leading marketplace for regulated crypto products, ”says the announcement. The newly listed product tracks the price of Bitcoin and is 100% physically secured. It is traded in USD, GBP and CHF.
Christian Reuss, Market Manager at SIX Swiss Exchange, commented:
The new product gives investors access to 100 different crypto products that are traded on our platform, giving them even more opportunities to diversify their portfolio.
What do you think of all crypto exchange products traded on the Swiss stock exchange? Let us know in the comments below.
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