- SIX fulfills its promise, adds Bitcoin Cash ETP to its platform
- Roger Ver funds investment product with 25,000 BCHs, approximately $10 million
- Amun AG expected to launch a blockchain platform soon
Swiss-based fintech company, Amun AG has listed Bitcoin Cash ETP on its exchange. This is in a bid to make the crypto asset more accessible to investors. Bitcoin Cash ETP will now be available under the ticker ABCH on the Swiss stock exchange SIX. Bitcoin.com announced this on July 5, 2019.
SIX Lists The Bitcoin Cash ETP With The Ticker ABCH
SIX is Switzerland’s foremost exchange. SIX is the 4th largest exchange in Europe, boasts of a market cap of $1.6 trillion. The leading exchange lists securities such as government bonds with stock options. The ABCH ticker happens to be the 6th crypto asset listed on the exchange. The purpose of this is to make buying BCH as easy as buying a stock.
Roger Ver, in a statement about the new development, expressed is confidence in Amun AG. He says the company is capable of propagating and advancing the cause.
In his own words, Roger Ver says:
“As Bitcoin Cash is becoming a game changer in the crypto space and beyond, I believe Amun has the credential to carry out our objective, a global adoption of Bitcoin Cash.” He further added that, “We are confident that our investment in the new Amun BCH ETP will set the example and drive more investors to join the growing community which believes in the success of Bitcoin Cash.”
Roger Ver is reported to have funded the investment instrument with 25,000 BCH, worth over $10 million as at the time of reporting.
Switzerland Leading The Way
This new development shows how much of a long vision Switzerland has with regard to cryptocurrencies. The country is inarguably one of the most crypto-friendly nations in the world.
The country’s regulatory body has in the past committed itself to make crypto-friendly laws. Unlike in other countries like the United States, China, and India where cryptocurrencies are seen as a threat to its national currency.
SIX Not Slowing Down, Expected To Add More Crypto Products Soon
As per Blockchain Reporter’s report earlier in March, the exchange is expected to host other crypto related products. Amun AG is also expected to launch a blockchain platform soon – anytime during the second half of 2019.
The blockchain platform, named SIX Digital Exchange (SDX) will run parallel to the present platform. This move is to make transactions faster and transparent.