Top stories in the Crypto Roundup today:

• Amun AG Launches Crypto ETP That Generates Income for Investors
• Crypto.com is Launching Its Own Cryptocurrency Exchange
• Mining Hardware Maker Canaan Downgrades IPO Prospects, Plans to Raise $100 Million

At the time of writing, bitcoin (BTC) is trading at $8,613 (-1.88%) with a daily Top Tier volume of $880.2 mn. As for ether (ETH), it is trading at $184 (-0.85%) with a daily Top Tier volume of $261.75 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,108.69 (-1.75%).

Amun AG Launches Crypto ETP That Generates Income for Investors

Amun AG, a cryptocurrency startup known for its exchange-traded products (ETPs), launched Amun Tezos, an ETP tied to Tezos (XTZ) that generates income for investors thanks to the proof-of-stake nature of the cryptocurrency.

Earned staking rewards will automatically be reinvested into the holder’s ETP shares, helping his holdings grow over time. The Amun Tezos ETP has been listed on the SIX Swiss Stock exchange under the XTYZ ticker. The product’s underlying assets will reportedly be held by Coinbase Custody.

Crypto.com is Launching Its Own Cryptocurrency Exchange

Hong Kong-based cryptocurrency financial services provider Crypto.com has launched its own cryptocurrency exchange, and it’s starting off with support for nine cryptocurrencies, including BTC, ETH, XRP, LTC, XLM, MCO, and USDt.

The firm is reportedly looking to help over one million users trade their digital assets through the Crypto.com interface, app, and API. Its goal is to become one of the top 10 cryptocurrency exchanges in the next five years.

The Crypto.com exchange is powered by the Crypto.com Coin (CRO), which will give holders a number of advantages including lower fees and better execution prices.

Mining Hardware Maker Canaan Downgrades IPO Prospects, Plans to Raise $100 Million

Cryptocurrency mining hardware manufacturer Canaan Creative has released more details on its upcoming initial public offering (IPO), and reports suggest it plans to raise $100 million selling 10 million shares, set to be priced in the $9 to $11 range.

Initial reports suggested Canaan U.S. IPO was scheduled for November 20, and that the cryptocurrency unicorn was planning to raise a total of $400 million. Selling its shares at around $10 will mean Canaan diluted market value is $1.6 billion.

State of the Crypto by Top Tier Exchange Volume

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