Switzerland’s Largest Online Bank Swissquote to Launch Its Own Crypto Exchange

Switzerland’s Largest Online Bank Swissquote to Launch Its Own Crypto Exchange

Switzerland's Largest Online Bank Swissquote to Launch Its Own Crypto Exchange

Switzerland’s largest on-line financial institution, Swissquote, is reportedly launching its personal cryptocurrency buying and selling platform. The firm sees excessive demand for cryptocurrency buying and selling. “Our compliance and customer support groups had been virtually overrun by the crypto rush.”

Switzerland’s Largest Online Bank to Launch Its Own Cryptocurrency Trading Platform

The largest on-line financial institution in Switzerland, Swissquote, is reportedly making ready to launch its personal cryptocurrency buying and selling platform.

Jan De Schepper, chief gross sales and advertising and marketing officer at Swissquote, advised Finews.asia publication that his firm plans to open its personal crypto change earlier than the top of the primary half of 2022. Swissquote needs to turn out to be “the main Swiss supplier of digital belongings,” he mentioned, including:

We need to allow extra buying and selling in numerous cryptocurrencies on the platform.

The firm additionally plans so as to add stablecoins and staking companies to its record of cryptocurrency choices.

The Swiss financial institution at the moment helps 24 cryptocurrencies: bitcoin, ethereum, litecoin, XRP, bitcoin money, chainlink, ethereum basic, EOS, stellar, tezos, augur, ox, cardano, uniswap, aave, cosmos, algorand, filecoin, maker, compound, 12 months.finance, dogecoin, polkadot, and solana.

Swissquote started increasing its workforce in response to the surging demand for cryptocurrencies final spring and can proceed hiring to gas additional enlargement, De Schepper affirmed, elaborating:

Our compliance and customer support groups had been virtually overrun by the crypto rush.

The firm’s internet revenue from crypto investments elevated by over 1,000% to 63.2 million Swiss francs within the first half of 2021.

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