SIX Digital Exchange Considering Crypto Trading Option on Its New Platform

2018-7-16 16:23

Not so long ago quite positive news for crypto mining came from the Swiss Alps where miners will be provided with special conditions for conducting their activities in an  environmentally friendly manner. And now Switzerland has made headlines once again.

This time we are speaking about SIX Group, the parent company of the Swiss stock exchange. SIX is working on building its new platform and is considering an opportunity to launch cryptocurrency trading on it. The platform is said to go online by mid-2019.

The new project called SIX Digital Exchange (“SDX”) represents itself a fully integrated trading, settlement and custody infrastructure for digital assets. Being fully regulated as an operator of Financial Market Infrastructure (FMI) by Swiss Authorities, FINMA and the Swiss National Bank, SIX is going to organize the activity of its digital asset ecosystem in full compliance with the same regulation.

SIX Digital Exchange is to become a really unique market infrastructure, the first of its kind in the world. SDX will provide its users with a fully integrated end to end trading, settlement and custody service for digital assets.

The service will offer a secure and fully reliable environment for issuing and trading digital assets, tokenization of existing securities and non-bankable assets which will help to make previously untradeable assets tradeable.

As it is known, SIX Group runs the main stock exchange in the country, but now, launching its new platform, it is going to enter the most rapidly developing sphere. The fully regulated platform will provide a wide range of services, including consulting for those ICOs that are not classified as securities.

Commenting their new initiative, SIX Group spokesman Stephan Meier said:

“Not only traditional financial service providers and investors are interested in this, but also numerous companies and investors who want to take advantage of the new digital opportunities for raising capital and trading in digital assets.”

Nevertheless, as it was informed, the complete list of products that would be offered is still to be defined. But nobody denies that it is possible that the new platform will offer cryptocurrencies 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,” added Meier. “It is also still open whether cryptocurrencies can be traded and how a conversion into fiat would be facilitated.”

According to Meier, the company is working on building a bridge between the traditional financial services and digital communities.  SIX Group is closely collaborating with regulatory authorities with a view to not to omit something important from the legal point of view.

The post SIX Digital Exchange Considering Crypto Trading Option on Its New Platform appeared first on CoinSpeaker.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Digital Rupees (DRS) на Currencies.ru

$ 6.38E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $6.38E-5 - H: $6.38E-5
Капитализация $32.611k Rank 99999
Цена в час новости $ 0.00013221 (-51.74%)

digital trading six exchange new platform considering

digital trading → Результатов: 126


Canadian Coinsquare Launch A Centralized Cryptocurrency Exchange In Japan.

Canadian Coinsquare, a trading system extremely prominent with cryptocurrency fanatics throughout the North American nation, seems completely familiar with exactly what safety measures a digital properties company needs to take while operating in Japan due to a current crack-down by its monetary controlling body on the heels of the headline-making Coincheck burglary.

2018-7-13 16:45


Wall Street Crypto Trader Extols Bitcoins As The Best Bet For Cryptocurrency Investors

Bart Smith is seemingly impressed with the upscale performance of bitcoin amongst other crypto assets. The head of digital assets at Susquehanna International group a crypto trading corporation during an interview on Tuesday with CNBC had very kind words to spare the leading digital asset, as he described the coin as an established digital asset […] The post Wall Street Crypto Trader Extols Bitcoins As The Best Bet For Cryptocurrency Investors appeared first on ZyCrypto.

2018-7-13 18:14


Фото:

Indian Regulators May ‘Unban’ Cryptocurrency Trading Soon

The Reserve Bank of India’s (RBI) harsh stance towards the local digital currency space may not last forever. If the latest report coming from reliable sources at the finance ministry is anything to go by, authorities are on the verge of regulating blockchain-based virtual currencies as commodities, a move that would be very beneficial to cryptocurrency investors in the Asian.

2018-7-13 16:00


Security Trade Blockchains Explored by Banco Santander

Spain-based Banco Santander has announced the creation of a blockchain research team to look into the technology’s potential to change securities trading, according to a July 11 press release. The “Digital Investment Banking” team, headed by current leader of Santander’s blockchain lab John Whelan, will “explor[e] the use of tokenized securities in debt capital markets,

2018-7-12 23:48


Wall Street’s Crypto King Calls Bitcoin ‘Currency of the Internet’

Wall Street’s “Crypto King” sat down with the panel on CNBC’s Fast Money to discuss Bitcoin’s utility, calling the digital coin the “currency of the internet. ” Bitcoin is the Best Crypto Investment Bart Smith, head of digital asset trading at Susquehanna International Group, dubbed the “Crypto King” of Wall Street for his expertise on the space.

2018-7-11 13:00


Фото:

Digital Assets ‘Missing Piece Of Puzzle’ For Investors, New Research Finds

Barry Silbert’s Grayscale Investments believes digital assets conform to successful trading strategies and should form part of beta portfolios. Digital Assets ‘Fit Squarely’ With Portfolio Success That’s according to a new research paper from the investment giant, which claims digital assets fit into the risk-return model known as Modern Portfolio Theory (MPT) the same as traditional commodities do.

2018-7-9 17:00


Coinbase CTO Says Bitcoin Creates Easier Way To Not Use USD System For Investors

CTO of CoinBase, Balaji S. Srinivasan, and co-founder of Counsyl, as well as Teleport, Earn and CoinCenter released a tweet on his response to the Bank of International Settlements’ extreme warnings on cryptocurrency trading, even stating that digital commerce will bring the internet crashing to a halt. He responded to the group’s tweet warning, saying, […]

2018-7-9 11:03


Фото:

Israeli Crypto Exchange Bits of Gold Agrees to Share Customer Info with Tax Authority

Bits of Gold – local Israeli cryptocurrency exchange – has agreed to pass on information to the country’s Tax Authorities on deposits and trading activity. Israel Tightens the Knot In what seems to be a step towards tightening up the cryptocurrency trading environment in Israel, the local Tax Authorities have reached an agreement with a local digital exchange Bits of Gold.

2018-7-7 07:00


Фото:

Swiss Stock Exchange Operator Plans to Launch Crypto Exchange

SIX, the firm that operates and owns the Swiss stock exchange, has announced plans to launch a fully regulated digital cryptocurrency exchange. The firm says it plans to launch "the first market infrastructure in the world” which will “offer a fully integrated end-to-end trading" while providing a safe environment where digital assets can be issued and existing securities and non-bankable assets can be tokenized.

2018-7-7 23:11