- ABNB live trading begins on Tuesday on SIX Swiss stock exchange.
- The new product will open Binance to new retail markets as well as institutional traders.
Amun AG in collaboration with Binance is launching a Binance Coin (BNB) based exchange-traded product (ETP). The trading of Amun BNB (ABNB) ETF is trading service is starting on Tuesday. According to the announcement via a blog post by Binance:
“The launch of the ETP is a first step for the partnership, paving the way for more innovative products contributing to the global transition to crypto assets.”
The new product, ABNB introduces Binance Coin to the traditional market structure while expanding BNB utility. In addition to that, access to the digital asset has been made possible for institutional clients as well as the retail market.
“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), Binance CEO. “This will provide traditional investors access with diversified exposure and segue into the global cryptocurrency market and its innovative products.”
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