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

Switzerland’s largest online bank, Swissquote, is reportedly launching its own cryptocurrency trading platform. According to the company, cryptocurrency trading is in high demand. “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

Swissquote, the biggest online bank, is said to be preparing its own cryptocurrency trading platform.

Jan De Schepper is chief sales and marketing executive at Swissquote. He told Finews.asia that the company intends to launch its own cryptocurrency exchange by the second half of 2022. Swissquote wants to become “the leading Swiss provider of digital assets,” he said, adding:

We are looking to make it easier for traders to trade in cryptocurrencies via the platform.

It also intends to expand its offering of crypto currencies with stablecoins, staking and other services.

Swiss banks currently support 24 crypto currencies: bitcoin and ethereum.

Swissquote has been expanding its workforce to meet the growing demand for cryptocurrency cryptocurrencies since spring last year. De Schepper stated that they will keep hiring in order to continue expansion.

Crypto-rush almost took over our customer service and compliance teams.

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.

Do you have any thoughts about Swissquote’s decision to launch its own cryptocurrency exchange. Leave your thoughts in the comment section below.

Kevin Helms

Kevin, a student of Austrian Economics and evangelist since 2011, discovered Bitcoin. He is interested in Bitcoin security and open-source software, network effects, and the intersection of cryptography and economics.