Swissquote Launches Crypto Central Order Book Crypto Exchange 'SQX'
October 03, 2022 - Online trading bank Swissquote is launching its own centralised trading platform for cryptocurrencies, which it says will provide a more competitive and secure trading environment.
Marc Bürki, CEO of Swissquote, commented on the launch of Swissquote's new crypto exchange, "Swissquote is at the forefront of innovation and was one of the first institutions in Europe with a banking license to offer cryptocurrency trading. The launch of our own crypto exchange is an important step forward in offering our customers deeper liquidity and faster execution. In terms of services for institutional clients, SQX also represents an increase in competitiveness when it comes to offering trading and custody services to other banks and brokers.”
SQX will aggregate crypto price liquidity from a network of Crypto exchanges and will make trading available 24/7.
Swissquote says that in its initial phase, SQX will make trading available in Bancor Network (BNT vs USD), with other cryptocurrencies available at Swissquote being gradually added to SQX. Clients will not see any changes to the front end of the Swissquote trading platform.
Swissquote currently offers access to 34 cryptocurrencies on its standard trading platform:
• Aave • Algorand • ApeCoin • Audius • Augur • Avalanche • Axie Infinity • Bitcoin • Bitcon Cash • Cardano • Chainlink • Chiliz • Compound • Cosmos • Decentraland • Dogecoin • Enjin • EOS • Ethereu • Ethereum • Ethereum Classic • Filecoin • Hedera Hashgraph • Maker • Ox • Polkadot • Polygon • Ripple • Solana • Stellar • Tezos • The Sandbox • Uniswap • yarn.finance
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