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Switzerland’s Largest Online Bank Swissquote to Launch Its Own Crypto Exchange – Exchanges Bitcoin News

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 service teams were almost 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 officer at Swissquote, instructed publication that his firm plans to open its personal crypto alternate earlier than the tip of the primary half of 2022. Swissquote desires to develop into “the leading Swiss provider of digital assets,” he stated, including:

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

The firm additionally plans to add stablecoins and staking companies to its checklist of cryptocurrency choices.

The Swiss financial institution at the moment helps 24 cryptocurrencies: bitcoin, ethereum, litecoin, XRP, bitcoin money, chainlink, ethereum traditional, EOS, stellar, tezos, augur, ox, cardano, uniswap, aave, cosmos, algorand, filecoin, maker, compound, 12, 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 growth, De Schepper affirmed, elaborating:

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

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

What do you concentrate on Swissquote launching its personal cryptocurrency alternate? Let us know within the feedback part under.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

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