Switzerland’s SIX Digital Exchange Postpones Crypto Services Launch Amid Market Sell-off
Of note, the stock exchange is Switzerland’s main and the 3rd largest of its kind in Europe. In September last year, the nation’s regulator gave it the green light to launch crypto-related services exclusively to regulated institutions.
In the past year, several of Switzerland’s traditional financial players have gotten in on the cryptocurrency industry. Other than the SIX Swiss Exchange, others are Arab Bank Switzerland, BBVA bank, and the nation’s largest online bank Swissquote. The stock exchange expected to tap into the nation’s wealthy class to make cryptocurrencies a part of their portfolio. For instance, crypto lending colossus Celsius had to halt its withdrawal services amid a liquidity shortage.
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