LONDON — The Swiss stock exchange’s new digital asset platform is unlikely to offer cryptocurrency trading, according to the head of the project. “Cryptocurrencies keep coming up,” Thomas Zeeb, the head of securities and exchanges at the Swiss stock exchange owner SIX Group, told Business Insider in an interview.
“The capability is there to do it, but to be honest it’s not a priority. There are plenty of exchanges currently providing bitcoin trading services.”
SIX announced plans in July to launch the Swiss Digital Asset Exchange, or SDX, which is set to be one of the first fully regulated, mainstream exchanges for digital assets. Zeeb said the new exchange would plug the funding gap between crowdfunding and initial public offerings.
Usually, companies in this gap turn to venture capital or private equity. But 2017 saw a surge in so-called initial coin offerings, in which startups issue their own digital tokens to raise money for a project.
ICO tokens can be freely traded via online exchanges that have sprung up in recent years. SIX want to provide a regulated and mainstream home for these assets so institutional investors can feel safe investing in them. Read more from businessinsider.com…
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