The crypto volume reached CHF 87.1 million on the Swiss stock exchange
Switzerland’s main exchange has seen a rebound in trading activity for September 2022, with monthly volumes up more than 20 percent MoM.
The Swiss Stock Exchange reported improved trading results with a total volume of CHF 955.7 billion compared to a combined nominal value of CHF 78.3 billion in August. The statistical report shows that trading turnover on the exchange’s trading venues, including on SIX Structured Products Exchange AG, fell by 2 percent compared to September 2021.
In terms of total transactions, volumes were reported at 4.86 million, up 21 percent month-on-month, compared to 4.12 million transactions reported for August 2022.
The highest turnover on a single trading day was September 16, when securities with a total volume of CHF 10.0 billion changed hands. Most trades were registered on September 28th at 319,246.
SIX remains a popular destination for crypto listings
The leading Swiss exchange stated in the press release that its volume from the beginning of the year to the end of September 2022 fell slightly by 2.1 percent compared to the same period last year and amounted to 47 million trades. This effect was less evident in trading turnover, which fell by 0.7 percent over the same period and amounted to CHF 955 billion last month.
The Zurich-based market operator also said cryptocurrency products generated trading turnover of CHF 87.1 million, virtually unchanged from CHF 89.9 million in August. A total of 190 products were traded and 6,539 transactions were completed. AETH, an ETP on Ethereum, recorded the highest turnover with CHF 13.2 million; AETH also recorded the most transactions with 1,205 trades.
SIX’s infrastructure once again proved popular and reliable, providing the solid foundation for new crypto listings. As part of this expansion, CoinShares, Europe’s largest digital asset investment firm, launched a physically-backed exchange-traded product (ETP) for the Polkadot cryptocurrency. Fidelity also launched a physical Bitcoin exchange-traded product designed for sophisticated investors in Europe.