Amun AG, one of the chief issuers of crypto-based exchange-traded products, has added a unique selection for its latest launch. The new ETP to be traded on the Swiss SIX exchange will be based on Binance Coin (BNB), the native asset of the Binance exchange.
Trading of the Amun BNB ETP starts on October 15, and is the first step in a partnership between Amun and Binance. The launch arrived just as Binance announced its new paper on the multiple uses of BNB as a utility coin within the crypto ecosystem. BNB, initially created for paying trading fees on the Binance exchange, has expanded to multiple uses, and now exists on its native blockchain.
“Our partnership with Amun in launching the BNB ETP will provide investors with a new and regulated asset class with a u...