Switzerland"s Largest Online Bank Swissquote to Launch Its Own Crypto Exchange
Switzerland’s largest online bank, Swissquote, is reportedly launching its own cryptocurrency trading platform. The company sees high demand for cryptocurrency trading. “Our compliance and customer service teams were almost overrun by the crypto rush.” Switzerland’s Largest Online Bank to Launch Its Own Cryptocurrency Trading Platform
The largest online bank in Switzerland, Swissquote, is reportedly preparing to launch its own cryptocurrency trading platform.
Jan De Schepper, chief sales and marketing officer at Swissquote, told Finews.asia publication that his company plans to open its own crypto exchange before the end of the first half of 2022. Swissquote wants to become “the leading Swiss provider of digital assets,” he said, adding: We want to enable more trading in various cryptocurrencies on the platform.
The company also plans to add stablecoins and staking services to its list of cryptocurrency offerings.
The Swiss bank currently supports 24 cryptocurrencies: bitcoin, ethereum, litecoin, XRP, bitcoin cash, chainlink, ethereum classic, EOS, stellar, tezos, augur, ox, cardano, uniswap, aave, cosmos, algorand, filecoin, maker, compound, year.finance, dogecoin, polkadot, and solana.
Swissquote began expanding its workforce in response to the surging demand for cryptocurrencies last spring and will continue hiring to fuel further expansion, De Schepper affirmed, elaborating: Our compliance and customer service teams were almost overrun by the crypto rush.
The company’s net income from crypto investments increased by over 1,000% to 63.2 million Swiss francs in the first half of 2021. Tags in this story largest online bank, swissquote, Swissquote bitcoin exchange, Swissquote crypto exchange, Swissquote crypto trading platform, Swissquote digital assets, Swissquote online bank, switzerland"s bank
What do you think about Swissquote launching its own cryptocurrency exchange? Let us know in the comments section below. Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. 5 Crypto Exchanges Custody 1.6 Million Bitcoin or Close to 8% of the Capped Supply EXCHANGES | 15 hours ago Crypto Exchange Binance Is Making "Substantial Changes" to Become "Fully Licensed and Fully Compliant" in UK EXCHANGES | Dec 6, 2021
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleMatrix Star Keanu Reeves Owns Crypto, Skeptical of NFTs, Says ‘Can We Not Have Metaverse Be Invented by Facebook’ Next articleIOST Partners With Unic’s Institute for the Future to Empower Women in Blockchain Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItNovi Launches Whatsapp Integration Pilot Program for Selected Users in the U.S.
Novi, the remittance and payments initiative of Meta (formerly Facebook), has launched a Whatsapp pilot test for customers in the U.S. This means that a small number of Whatsapp users will be able to send and receive payments, as well ... read more.Inflation Plagues American Economy: US Consumer Prices See Fastest Rise in Close to 40 Years Indian Prime Minister Narendra Modi to Take Final Decision on Cryptocurrency Regulation Makersplace Plans to Drop World’s First 2pac NFT Collection Authorized by the Shakur Estate Gitcoin Deactivates Grant for Farsi Speaking Communities Due to U.S. Sanctions