Top Swiss Stock Exchange Says It Is Open to Offering Crypto Trading on Its Platform
SIX Group, the parent company of Switzerlands 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 Groups spokesman told the Swissinfo news outlet in an interview July 15.
Swiss Infrastructure and Exchange (SIX) Group operates the countrys 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.
Not only traditional financial service providers and investors are interested in this, but also numerous companies and investors who want to take advantage of the new digital opportunities for raising capital and trading in digital assets.
Meier clarified that SIX Group has not yet made a decision on what specific products will be offered to list and trade on its upcoming platform, noting that the question of whether cryptocurrency trading will be available is still open.
He added that the company would technically be able to add various digital assets to the platform, stressing that each digital asset will undergo a due diligence process before being added.
By cointelegraph
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