Previously registered as AMUN AG (German), 21Shares AG has launched many crypto-backed ETPs on the SIX Swiss Exchange, the largest exchange in Europe. It has listed 8 cryptocurrencies so far; this includes crypto in addition to Bitcoin like Bitcoin Cash, Litecoin, Ethereum, XRP, Tezos, BINANCE Coin and other combinations of these cryptocurrencies.
Coinbase as Custodians
Coinbase Custody is proud to have been selected by 21Shares as their custodian for the 21Shares Bitcoin ETP. Read more here https://t.co/2wxkGXtsfA
— COINBASE Custody (@CoinbaseCustody) July 1, 2020
The partnership between AMUN AG (now 21Shares AG) and Coinbase is also not new, as it acts as a digital custodian for some of its other listings of cryptocurrencies as well.
An ETP is similar to an ETF (Exchange Traded Fund) in the U.S. which is a regulated index based on the value of the underlying crypto. Hence, while the U.S. continues to delay the approval, Europe seems to be getting ahead with listings in Switzerland and Germany. The U.K. (London Stock Exchange) and Frace will most likely be the next targets.
How long do you think before the U.S. authorities get on the bandwagon? Please share your views with us.
