Swiss online bank Swissquote will launch a cryptocurrency exchange – Bits Media

Swiss leader in online banking Swissquote plans to launch its own cryptocurrency exchange before the end of the first half 2022 of the year.

Swissquote Sales and Marketing Director Jan De Schepper (Jan De Schepper) reported, that the bank intends to become a leading provider of digital assets in Switzerland and plans to add stablecoins and cryptocurrency staking services.

“We want, so that there is more trading of various cryptocurrencies on the platform", - Shepper said.

The bank currently provides depository services to its clients 24 cryptocurrencies. Last spring, Swissquote began expanding its staff in response to growing demand for cryptocurrencies and intends to continue hiring.

Shepper noted, that the company's net profit from investments in cryptocurrency increased by more than 1 000% to 63.2 million Swiss francs ($68.48 million) in the first half 2021 of the year.

Swissquote entered the cryptocurrency market in 2017 year, announcing the start of Bitcoin trading. The bank then added ETH support, BCH, LTC and XRP, and in 2019 launched a cryptocurrency storage.