Binance and Amun AG Team Up For ABNB ETP Project

Binance and Amun AG Team Up For ABNB ETP Project

Leading exchange platform Binance and Swiss digital assets firm, Amun AG, have joined forces for an exciting new project dubbed as a “World First”.

In what is described as the “first step” for their partnership, the two firms will be launch what is known the BNB ETP, a tradeable asset that is already up, running and ready for trade on a regulated segment of the SIX Swiss Exchange. The new asset will essentially be an amalgamation of separate services of the two firms.

Most people who are familiar with the world of crypto will likely already be familiar with one half of the new asset, BNB, the native coin of Binance. The multi-faceted token offers a wide array of use cases and functions as the currency on Binance’s own, blockchain, the Binance Chain, and is currently a top 10 crypto according to Coinmarketcap, despite being less than 3 years old. The ABNB side of things will see the BNB be adapted into a token that is viable for trading to a wider audience and move it away from its previous domain as an asset solely on the crypto market.

By listing on the Swiss Exchange, a wider audience of other investors will now be able to buy, sell and trade the token, even if their portfolios previously contained no trace of crypto investment, via traditional trading methods. i.e. a brokerage firm or a bank. According to CZ Zhao, the CEO of Binance, the purpose of the move is to “provide traditional investors access with diversified exposure and segue into the global cryptocurrency market and its innovative products.”

The listing of the ABNB ETP will be completed by Amun and administered via the Amun Onyx Platform, which is a premier issuance and administration platform that specialises in this crypto to wider financial market transitions. With this being the 8th time that the firms have conducted such a transition from one market to the next.

Speaking ahead of the listing Hany Rashwan, the Amun CEO, stated, “We are so excited to partner up with the world’s largest crypto exchange and make their native token accessible to institutional and retail investors in the most secure, cost-effective and regulated Swiss exchange-traded product.”

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

Bitcoin,CoinMarketCap,Ethereum

Cryptocurrency Market Cap Jumps Past $2 Trillion

Cryptocurrencies continue to make headline news around the world as the total market cap surpassed $2 trillion on Monday. Supported by increased interest from institutional investors, celebrities, and retail investors, digital coins are now worth more than Apple Inc. Bitcoin has, once again, played a major role in the sector’s market cap. The world’s first […]

6 April, 2021
Digital Currency,Ethereum,Stablecoin

VISA Set To Support Cryptocurrency Settlements

The global payments corporation, VISA, announced on Monday that it is making preparations to allow USD Coin (USDC) to settle transactions within its network. This move is being viewed by industry analysts as yet another clear sign that cryptocurrencies are being accepted by major institutions within the traditional financial industry. USDC was selected by VISA […]

30 March, 2021
Casino,Ethereum,Gambling

CasinoFair Temporarily Shuts Down Amid Network Congestion

The popular cryptocurrency casino, CasinoFair, has announced in a recent blog post that it will be temporarily stopping its gaming services. Citing unsustainable congestion on the Ethereum network as the main reason for this pause, the casino reassured its players that it is “actively researching solutions and hope to be back with a new range […]

26 March, 2021
Bitcoin,Coinbase,CoinMarketCap

Significant Bitcoin Drops As Coinbase Announces IPO

The cryptocurrency market is back in turmoil following yet another volatile week where Bitcoin almost reached a record-breaking value of $60,000. Bitcoin drops are nothing new, but the recent 25% decrease has caused panic amongst even traders with an experience of major currency fluctuations. The latest drop comes as Coinbase, one of the world’s largest […]

1 March, 2021
Cybercrime,Scam,Trezor

Trezor Warns Users About Fake Mobile App

Trezor is warning users of a malicious mobile application featured on Google Play which appears to be associated with the wallet provider. At least 1,000 users have already downloaded this software, and it is likely that some have unwittingly provided their seed phrase to unlock their funds. Both Trezor and SatoshiLabs have confirmed the existence […]

26 January, 2021
Bitcoin,eToro,Trading

eToro Temporarily Raises Minimum Deposit To $1,000

For the past few weeks, the increase in Bitcoin’s price has led to a massive interest in cryptocurrency trading. eToro has been overwhelmed by new registrations and has decided to temporarily raise the minimum deposit from $200 to $1,000. Although 2021 has barely gotten started, it promises to be an exciting time to invest in […]

11 January, 2021
Bitcoin,Investment,Trading

Global Cryptocurrency Market Value Surpasses $1 Trillion

Thursday has proven to be a monumental day for cryptocurrencies as the world’s combined value tops the $1 Trillion mark. Energised by a substantial rise in the value of Bitcoin in recent months, the volatile crypto market has reached a once-unreachable value. Following the latest Bitcoin Halving in May 2020, the world’s largest digital token […]

10 January, 2021
Sponsored

Victory over virus: SiGMA Virtual Expo hosts 100+ exhibitors

SiGMA Europe and AIBC Virtual Expos launch with record breaking attendance, providing a cure to the industry’s events sector In the light of this year’s changes in our everyday lives, SiGMA was close to having to stop doing what it does best; creating networks for people through the company’s iconic physical events, but luckily, the […]

26 November, 2020