Crypto News 18.11.2018

Swiss stock exchange to launch worlds first crypto ETF next week

The worlds first crypto Exchange Traded Product, with ticker symbol HODL, starts trading next week on Europes fourth biggest exchange, SIX Swiss Exchange, with a market capitalization of $1.6 trillion. A crypto startup, Amun AG, has been given the green-light to list an index fund on a traditional stock exchange with Hany Rashwan, co-founder and chief executive of Amun, stating:

“The Amun ETP will give institutional investors that are restricted to investing only in securities or do not want to set up custody for digital assets exposure to cryptocurrencies. It will also provide access for retail investors that currently have no access to crypto exchanges due to local regulatory impediments. We believe Switzerland to be the best jurisdiction for our base and intend, after launching our initial products on the SIX Swiss Exchange, to both launch additional products as well as dual-list across additional geographies and stock exchanges.

OKCoin expands to South America

Cryptocurrency exchange OKCoin expands to the Latin American market with a platform to let users trade cryptocurrencies against local fiat currencies. OKCoin recently became a fully licensed platform to operate in the region. Initially, it will allow users in Argentina to deposit Argentine pesos to the platform, which can then be traded with Bitcoin. OKCoin is also opening an office in Buenos Aires and setting up a team to “support its business throughout Latin America.” Notably, OKCoin was once one of the largest cryptocurrency exchanges in China prior to the regions trading ban, and since the crackdown has been expanding at a rapid pace. In January, it launched its platform in South Korea and entered the US with fiat-to-crypto offerings back in July.

Tim Buyn, the CEO of OKCoin USA, was quoted as saying: “This is just the beginning of our Latin American expansion, as we’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence… (cryptocurrencies offered on the platform) can help stabilize the economy by offering investors an alternative option… (OKCoin believes the best way to help the cryptocurrency ecosystem grow is) to bring safe, secure and fully licensed trading to consumers in a way that abides by all relevant regulations.”

Kraken Daily Market Report for 17.11.2018


$72.5M traded across all markets today

Crypto News 18.11.2018


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