SIX Swiss Exchange will launch its own fully authorized crypto market next year. SIX, is a Swiss stock exchange formerly known as Switzerland SWX Stock Exchange is a Swiss stock exchange located in Zurich. In addition to trading securities such as bonds, derivatives, with SMI as its stock market indices, now SIX will also trade crypto-based currencies.
The SIX Exchange has indeed become the world's first stock exchange to have used the trading system, with the ultimate finalization automation since 1995. The SIX securities market is becoming so powerful because it is managed from an association of 55 other banks.
Reporting from Businessinsider, that last Friday the SIX has announced plans about the launch of its official crypto exchange. Although the crypto price movement has dropped evenly both bitcoins to almost all Altcoin since the beginning of 2018, the SIX remain confident in their plans.
Jos Dijsselhof, CEO of the SIX Stock Exchange, said: "It's pretty clear that what has happened so far about the digital world will continue to exist. This is the beginning of a new era for capital market infrastructure. For us, what has happened to the digital space so far will continue to exist and will determine the future of our industry, "he concluded.
SIX will launch its own cryptic exchange by the name of SIX Digital Exchange. On the new crypto market it will be overseen by Swiss national bank and also FINMA. Reportedly, the launch of crypto stocks will be ready to be launched in the first half of the year ahead.
The new SIX Exchange platform will not only provide crypto-based trading services like Bitcoin and some crypto popules, but also for many other digital assets as well as most ICO tokens.
SIX's head of securities and trading, Thomas Zeeb pays special attention to some real challenges to the world of digital assets. According to him, the digital space currently faces some of its greatest challenges such as regulatory and security guarantees, stability, transparency as well as official accountability.
Some of the main issues above lead to the same implications, namely the low level of trust. Specifically about storing digital assets later on SIX, it will act as an official infrastructure provider to accommodate all integrated and secure blockchain models.
So far, Switzerland has become a region friendly enough to the world of crypto in Europe. The authorities and the relevant authorities in Switzerland are also quite accommodating. There, also provide clear guidance to be able to support new companies engaged in the world of crypto in order to grow@BPI
