Major Swiss exchange SIX adds XRP Exchange Traded Product

02 Apr, 2019
by Richard Allen
Major Swiss exchange SIX adds XRP Exchange Traded Product

Switzerland’s principal stock exchange, SIX has recently announced that it’s listed an XRP-based Exchange Traded Product (ETP), with the first day of trading beginning today, April 2. 

As Chepicap reported in March, the exchange had already confirmed it would be adding the product, dubbed Amun Ripple (AXRP). Hany Rashwan, CEO of Swiss company Amun AG, stated, “We can comfortably say that we expect to release the world’s first XRP ETP within the next two months.”

Read more: Swiss stock exchange may soon list an XRP product

As Cointelegraph reports, Rashwan also told media that the company had received approval from SIX to launch four more ETPs for other Bitcoin Cash, Litecoin, Stellar and EOS. In November last year, Amun AG’s crypto basked beat silver, crude oil and gold to become the highest volume of any exchange-traded product trading on the platform.

Read more: Switzerland's crypto ETP beats silver, crude oil and gold products

Cointelegraph noted in December that these developments appear to be part of a larger trend, which is seeing the US being left behind in terms of Exchange Traded Products.

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