Binance Coin (BNB) ETP Launches on Regulated 4th Largest Stock Exchange in Europe
- Binance partners with Amun AG to launch BNB ETP
- The new product will provide institutional investors’ exposure to BNB
The Swiss firm, Amun AG in partnership with the leading cryptocurrency exchange Binance is launching an exchange-traded product of Binance Coin BNB ETP on the regulated SIX Swiss Exchange.
Founded in 2018, Amun provides an easy way to invest in crypto assets. Amun ETP’s are listed on the Zurich-based SIX Swiss exchange that offers significant liquidity in the European capital markets.
The 4th largest stock exchange in Europe, SIX Swiss Exchange has a market cap of $1.6 trillion.
Now, Amun is launching an ETP of Binance’s native token BNB, a utility token that currently has more than 120 use cases across the global blockchain ecosystem.
“Our partnership with Amun in launching the BNB ETP will provide investors with a new and regulated asset class with a unique dimension to utility tokens, making them more accessible and reliable through a traditional financial infrastructure,”
said CZ (Changpeng Zhao), the Chief Executive Officer of Binance.
“This will provide traditional investors access with diversified exposure and segue into the global cryptocurrency market and its innovative products,”
Making BNB Accessible to Institutional Investors
The seventh-largest cryptocurrency by market cap of $2.93 billion was initially created to pay for fees on the Binance exchange and is now also used as a native token for Binance’s new blockchain platform Binance Chain.
At the time of writing, BNB has been trading at $18.84 with 24 hours gains of 3.64 as per Coincodex.
Currently, Amun has eight crypto ETPs listed and has more than $75 million in assets under management (AUM) in total listed and planned ETPs.
Now, with the BNB ETP, Amun is making the digital asset more accessible to a wider institutional and retail market. With listing on SIX Swiss Exchange, clients can add BNB to their stock portfolios as easily as buying a share in any company, in a traditional manner via a bank or brokerage firm.
“It’s been tremendous to watch the fast ascent of Binance from its humble launch in 2017 to the leading position it commands today,”
said Hany Rashwan, Amun CEO.
“We are so excited to partner up with the world’s largest crypto exchange and make their native token accessible to institutional and retail investors in the most secure, cost-effective and regulated Swiss exchange-traded product,”