Swiss ETP issuer Amun appoints competitor's former CEO as managing director

Exchange-traded product (ETP) issuer Amun announced today that it has hired Laurent Kssis, the former CEO of primary competitor XBT Provider, as its managing director.

The Switzerland-based company was founded less than a year ago, but it has to date listed seven cryptocurrency ETPs, tracking the performance of bitcoin, ethereum, XRP, bitcoin cash, and others. It is also planning to list three more products in the next month, according to Amun CEO Hany Rashwan. 

Over the past year, Amun has been on a listing spree of its ETPs on the SIX Swiss Exchange, Switzerland’s largest stock exchange. Meanwhile, XBT Provider, also a ETP issuer based in Sweden, is said to be the first to list a bitcoin-referenced security on a regulated exchange. The company is owned by Coinshares, a London-based digital asset manager. 

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