Swissquote, Switzerland’s largest online bank, will launch its own exchange, following other actions related to the crypto ecosystem.
Switzerland’s largest online bank,Swissquoteis going to launch its own cryptocurrency trading platform a place to buy, sell and store cryptocurrency by the end of 2022 at the latest. The company sees a huge demand for cryptocurrency trading and therefore wants to ride the wave.“Our compliance and customer service teams were almost overrun by cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. fever”sales manager Jan De Schepper told the media outletFinews.asia.
“Queremos permitir más operaciones en varias criptomonedas en la plataforma”said Jan De Schepper. Other ambitions in the crypto space include becoming a“Switzerland’s leading provider of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets”.. To achieve this, the broker aims to add more cryptocurrencies to its offering, in addition to stable coins and participation services, which are currently in high demand.
Swissquote ya ha aumentado su fuerza laboral en respuesta a la creciente demanda de tokens y monedas digitales este año y continuará contratando para impulsar una mayor expansión, dijo el ejecutivo al medio. La ola de contrataciones ha dado sus frutos al reducir los tiempos de espera para los clientes que llaman. “Ahora, logramos abrir una cuenta de operaciones con regularidad el mismo día”, dice De Schepper. En casos excepcionales cuando se necesita una aclaración especial, la apertura de la cuenta puede demorar hasta una semana, dice.
Net income from cryptocurrency investments increased by more than 1,000 percent to 63.2 million Swiss francs (about USD $69 million) in the first half of 2021. By the end of 2021,Swissquote expects to double its pre-tax profit. However, expenses will also increase:Swissquote is investing heavily in infrastructure.
The company also plans to add stable coins and participation services to its list of cryptocurrency offerings.
The Swiss bank currently supports 24 cryptocurrencies:Bitcoin, Ethereum, Litecoin, XRP, Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. cash, Chainlink, Ethereum a decentralized open-source blockchain with smart contracts functionality. classic, EOS, Stellar, Tezos, Augur, Ox, Cardano, Uniswap, Aave, Cosmos, Algorand, Filecoin, Maker, Compound, Year.finance, Dogecoin, Polkadot y Solana.
Swiss banks and crypto
It is worth noting thatSwissquote announced in 2019 its cryptocurrency custody service.
Also, the news comes shortly after the Spanish bank BBVA, at its headquarters in Switzerland announced that, in addition toBitcoin, addedEther the form of payment used in the operation of the distribution application platform, Ethereum. to your buying and selling and custody custody is a financial institution's legal capacity to keep and preserve financial assets for its clients to avoid asset theft or loss. service.
They are not the only Swiss banks to enter the crypto space. They are also immersed el banco SEBA y a former traditional bank in that country: Bordier.