Cryptocurrency Binance became the basis of ETPs on six Swiss exchange

Released popular cryptoprotocol Binance cryptocurrency BNB
was used as the basis for creating a new exchange traded product (ETP). His development was conducted by a team of the exchange in collaboration with the FINTECH firm Amun. Information about the readiness of the new financial instrument has appeared in the blog Binance .

The new asset has been traded on the Swiss stock exchange SIX. Information about it is added to the listing appeared on the official website of the platform. BNB-ETP was rated Ticker ABNB. One can buy it through Bank and brokerage company (in the latter case, the user will be asked to work with the action).

“Can’t imagine how this step will affect the movement of BNB, but I think that, thanks to him, the asset will be available for new users. The cryptocurrency continues to expand” – so in his microblog described news the head of the Binance Chanpen Zhao.

At the time of writing, BNB is trading at $18,78 (data from CoinMarketCap) and is on the 7th place of the rating of capitalization. Amid the news, the price of an asset shows a positive movement.

ETP is a financial instrument that is based on a fully prescribed regulatory framework. With it, investors will be able to simplify the process of interacting with highly liquid assets.

We will remind, recently the team announced Binance
about the opening of the service through which users of the exchange will be able to perform OTC transactions. Work will be conducted in the format of crypto-Fiat trading.

Author: Vitalik

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