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Switzerland’s main stock exchange has revealed that cryptocurrency trading volume reached a record high of CHF 1.1 billion ($ 1.23 billion) in 2020. The exchange now offers 34 exchange-traded products, helping investors “Access to 100 different crypto products traded on our platform,” said the exchange’s head of markets.

Crypto trading volume on the Switzerland stock exchange hit record high

SIX Swiss Exchange, Switzerland’s main stock exchange, announced on Wednesday that its crypto trading volume hit a record high last year. The announcement details:

The Swiss Stock Exchange, the world’s leading marketplace for regulated crypto products, has recorded a billion-dollar breakthrough in crypto trade turnover for the first time at CHF 1.1 billion in 2020.

It adds that this volume “surpassed the record CHF 525 million as of 2017 by 112%.” In addition, “the number of transactions reached a new high of 48,024.”

New Crypto ETP List

At the same time also welcomed the trade fair in Zurich AND SO ON Group as its new publisher of crypto exchange-traded product (ETP). “AND SO ON Group mentions a bitcoin ETP, bringing the number of ETP providers to six and the number of ETPs to 34, ”the exchange confirmed.

With the listing of the Btcetc Bitcoin ETP (Primary Ticker: BTCE) by AND SO ON Group, the Swiss Stock Exchange strengthens its position as [a] the world’s leading marketplace for regulated crypto products, ”the announcement notes. The newly listed product tracks bitcoin price and is 100% physically supported; it trades in USD, GBP and CHF.

Christian Reuss, Head of Markets at SIX Swiss Exchange, commented:

With the new product, investors will have access to 100 different crypto products traded on our platform, giving them even more options to diversify their portfolio.

What do you think about all crypto exchange-traded products on the Swiss exchange? Let us know in the comments below.

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