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Switzerland's largest online bank plans to launch a cryptocurrency exchange

Switzerland's largest online bank plans to launch a cryptocurrency exchange

Switzerland's largest online bank has announced its intention to develop its own platform for trading digital currencies by the end of the first half of 2022, Finbold reports.

Swissquote sales manager Jan de Schepper said in a recent interview that the online bank's plans include creating its own cryptocurrency trading platform. “We want to make it possible to trade different cryptocurrencies on the platform” – he said. Other cryptocurrency aspirations include –becoming “a leading Swiss provider of digital assets”. To do so, the broker intends to expand its cryptocurrency offering, in addition to stable coins and steaming services, which are now in high demand in the cryptocurrency market. The launch of the Swissquote cryptocurrency exchange is expected to lead to a sharp increase in the number of trading platforms for digital assets in Switzerland. Notably, the Swiss stock exchange SIX recently unveiled SDX, a fully licensed digital exchange that is fully operational. Just a few days later, Berner Kantonalbank introduced SMEIX, a platform for trading tokenized small capitals.

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