BNB, initially created to pay for fees on the Binance exchange which is the largest cryptocurrency exchange in the world by trading volume and users, has since evolved into a wildly-used utility token with more than 120 use cases across the global blockchain eco<\/strong>system.<\/p>\nAdditionally, BNB is also used as the native token for the Binance Chain, which is a new blockchain platform launched by the Binance community for creating and transferring tokens in a fast and efficient manner.<\/p>\n
In just two years since Binance\u2019s initial USD$15 million token raise, BNB is now one of the most widely-used utility tokens in the blockchain space and has a total market capitalization of greater than USD$2.5 billion, making it the world\u2019s eighth-largest crypto asset by market capitalization to date.<\/p>\n
The ABNB wraps the BNB utility token into a traditional financial structure, making it more accessible not only to tech-savvy crypto enthusiasts but also to the wider institutional and retail market as a whole.<\/p>\n
By listing the BNB ETP on the SIX Swiss Exchange, the world\u2019s tenth-largest exchange, clients can add BNB exposure to their stock portfolios as easily as buying a share in any company, in a traditional manner using a brokerage firm or bank.<\/p>\n
The ABNB ETP is issued by Amun and administered via the Amun Onyx Platform, the premier issuance and administration platform for crypto exchange-traded products. <\/strong><\/p>\nTo date, Amun has issued eight ETPs with crypto-currencies as the underlying asset with the ambitious goal to bridge the gap between the traditional financial world and the blockchain-based infrastructure.<\/p>\n
\u201cOur 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,\u201d said CZ (Changpeng Zhao), Binance CEO<\/strong>. \u201cThis will provide traditional investors access with diversified exposure and segue into the global cryptocurrency market and its innovative products.\u201d<\/p>\n\u201cIt\u2019s been tremendous to watch the fast ascent of Binance from its humble launch in 2017 to the leading position it commands today,\u201d said Hany Rashwan, Amun CEO.<\/strong> \u201cWe are so excited to partner up with the world\u2019s 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.\u201d<\/p>\nSource: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"
Binance and Amun AG announce a unique partnership between the two companies to launch a BNB ETP on the regulated segment of the SIX Swiss Exchange..<\/p>\n","protected":false},"author":4,"featured_media":20417,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[4],"tags":[253,342,343],"class_list":["post-20416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-europe","tag-amun","tag-binance","tag-bnb-etp"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/20416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/comments?post=20416"}],"version-history":[{"count":3,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/20416\/revisions"}],"predecessor-version":[{"id":20420,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/20416\/revisions\/20420"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/20417"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=20416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=20416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=20416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}