Swissquote announces the release of its own crypto exchange, SQX. The exchange provides a new central order book SQX, which sources and aggregates liquidity from different liquidity centers.
The pioneer of online banking and digital assets in Switzerland, Swissquote, launched a crypto exchange called SQX. With the introduction of SQX, Swissquote greatly enhances the customers' crypto experience.
The crypto market is now filled with exchange networks. Therefore, Swissquote does not want to lose. The Swiss company presents the ideal solution to get the best liquidity conditions from the crypto market, through the feature of the new central order book SQX, which sources and aggregates liquidity from different liquidity centers. This results in more competitive bids and asks prices than ever before in a secure, 24/7 trading environment.
"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,” says Marc Bürki, CEO of Swissquote. “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."
In the initial phase, Bancor Network (BNT) will be available on SQX. Later, other cryptocurrencies will be added gradually, so that clients will not see any changes to the front end of the Swissquote trading platform.