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Swiss Stock Exchange’s Crypto Trading Volume Soars — Hits Record $1.2 Billion

Switzerland’s premier danseur stock exchange has revealed that its crypto trading volume hit a record high of CHF 1.1 billion ($1.23 billion) in 2020. The exchange now makes 34 exchange-traded products, allowing investors “access to 100 different crypto products trading on our platform,” said the market’s head of markets.

Crypto Trading Volume on Switzerland’s Stock Exchange Hit Record High

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

The Swiss Stock Exchange, the world’s leading marketplace for regulated crypto products, has registered a break of the billion boundary in trading turnover in crypto products for the first time with CHF 1.1 billion in 2020.

It adds that this abundance “surpassed the record CHF 525 million from 2017 by 112%.” In addition, “the number of trades reached a new record of 48,024.”

New Crypto ETP Book

Concurrently, the Zurich-based stock exchange also welcomed ETC Group as its new crypto exchange-traded product (ETP) issuer. “ETC Group records a bitcoin ETP, taking 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 (Foremost Ticker: BTCE) by ETC Group, the Swiss Stock Exchange is strengthening its position as [a] world leading marketplace for regulated crypto effects,” the announcement notes. The newly listed product tracks the price of bitcoin and is 100% physically backed; it is trading in USD, GBP, and CHF.

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

With the new product, investors gain access to 100 different crypto by-products trading on our platform and with this have even more opportunities to diversify their portfolio.

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

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