Return to site

Top Swiss Stock Exchange Says It Is ‘Open’ to Offering Crypto Trading on Its Platform

SIX Group, the parent company of Switzerland’s principal stock exchange, has revealed that it is “open” to the possibility of offering cryptocurrency trading services on its digital trading platform. The platform, still in development, is set to launch by mid-2019, SIX Group’s spokesman told the Swissinfo news outlet in an interview July 15.

Swiss Infrastructure and Exchange (SIX) Group operates the country’s largest stock market, and is planning to launch a “fully-regulated” platform for digital asset trading by mid-2019. The service is set to offer a “complete” range of services from, including initial coin offering (ICO) consulting for those ICOs that are not classified as securities.

In the interview with Swissinfo, SIX Group spokesman Stephan Meier claimed that there is a “real need” for the establishment of “transparency and accountability in the crypto-world.” According to Meier, this would benefit both the businesses and investors in the crypto industry, and the participants of traditional markets.

Stephan Meier also claimed that the company “want[s] to build a bridge between the traditional financial services and digital communities.” He emphasized that SIX Group is working in “close consultation” with regulatory authorities to find out “in which areas adjustments or additions to the legal framework may be necessary.”

Earlier this week, Switzerland has been reported as the second “most favorable” country for ICOs in terms of funds raised, outperformed only by the U.S.

All Posts
×

Almost done…

We just sent you an email. Please click the link in the email to confirm your subscription!

OKSubscriptions powered by Strikingly