Cryptocurrency Trading on New Exchange willing to be opened by Swiss Stock Exchange Operator
Earlier this month ,as reported by CCN, “Swiss Exchange Operator SIX announced plans to launch a fully compliant crypto assets exchange by mid-2019, dubbing it the Six Digital Exchange (SDX). The platform, which allows clients to tokenize their traditional securities and issue and trade custom digital tokens while conducting ICOs, is the ‘first market infrastructure in the world’ of its kind for digital assets, SIX claimed.”
SIX is the operator and owner of Switzerland’s primary stock exchange and is not opposed to the idea of having cryptocurrency trading being offered on its new SIX Digital Exchange.
The exchange operator claimed, at the time of its announcement, “SDX will not function as a platform to facilitate the direct trading of decentralized cryptocurrencies like Bitcoin and Ethereum. Instead, the idea behind the all-in-one, fully regulated ‘ecosystem’ was to help the traditional financial market digitize their assets, bankable or otherwise.”
If SIX decides to ever facilitate the trading of crypto through their new digital assets exchange, then no doubt it would be the first major exchange operator in the world to support cryptocurrency trading. But of course, it will be fully regulated and be overseen by its financial regulator and the country’s central bank.