The owner and operator of the largest stock exchange in Switzerland, SIX Group considers adding Crypto trading to its new platform. What has the Group’s spokesman explained?
16 July, AtoZ Markets – Swiss Infrastructure and Exchange (SIX) Group which operates the country’s largest stock market has recently announced that it is considers adding Crypto trading to its new platform soon.
SIX Group Considers Adding Crypto Trading To Its New Platform
Another crypto positive news came from Switzerland, where SIX Group, the parent company of the Swiss stock exchange, has recently announced that it is considers adding Crypto trading to its new platform to be launched by mid-2019.
SIX Group runs the countries main stock exchange and is about to launch fully-regulated form for digital assets, which will cover a wide range of services, including consulting for ICO projects.
In an interview with swissinfo, SIX Group spokesman, Stephan Meier explained;
“With the new service we will provide a safe environment for issuing and trading digital assets, and enable the tokenisation of existing securities and non-bankable assets to make previously untradeable assets tradeable.”
While he clarified that the complete list of products is yet to be defined, he did not rule out the possibility that cryptocurrencies would be available for trading.
“Currently we are focusing on building the platform and no decision has yet been made as to which specific products will be offered to list and trade. So it is also still open whether cryptocurrencies or already existing ICO tokens can be traded. But we will technically be able to add various digital assets to the platform.”
“It is also still open whether cryptocurrencies can be traded and how a conversion into fiat would be facilitated.”
In terms of funds raised, the United States is ranked first in the list while Switzerland came second as the most favorable country for ICOs.
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