THELOGICALINDIAN - Swissquote aprovider of online banking and trading casework in Switzerland has appear that its audience can now participate in antecedent bread offerings through its belvedere The Swiss coffer takes affliction of both the beheading and the aegis of tokens In accession the coffer offers the trading of bristles above cryptocurrencies
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Swissquote’s ICO Service
Swiss online coffer Swissquote announced on Monday that it has become “the aboriginal coffer common to action its audience the befalling to participate in antecedent bread offerings (ICOs).” With its new service, the close described:
Swissquote, a affiliate of the Swiss Bankers Association, holds a cyberbanking authorization issued by the Swiss Federal Financial Market Supervisory Authority (FINMA). Its ancestor company, Swissquote Group Holding Ltd., is listed on the SIX Swiss Exchange.
The aboriginal ICO the coffer has called to account on its belvedere is issued by Lakediamond. Incorporated in 2015, the Swiss startup explained that it was congenital “on years of analysis at EPFL (Swiss Federal Institute of Technology in Lausanne).” Moreover, the aggregation claims that it is “developing reactors able of growing ultra-pure diamonds, and exploring abeyant high-tech automated applications.”
Currently, the advantage to advertise tokens is unavailable. However, Swissquote acclaimed that it will assignment with Lakediamond to acquiesce audience to advertise their tokens from aural their trading accounts. The coffer added asserted, “It is additionally accessible that a third-party cryptocurrency barter will accredit the trading of Lakediamond tokens.”
Criteria for Listing ICOs
On its website, Swissquote explained that it has “strict belief that companies charge to fulfill” for their tokens to be listed on its platform, stating:
For ICO issuers, the coffer offers a cardinal of casework such as banking, anti-money bed-making (AML), know-your-customer (KYC), communications and marketing.
The cyberbanking casework accommodate “accounts, payments, adopted exchange, balance trading, etc,” the coffer detailed, abacus that it additionally provides cryptocurrency casework which accommodate aegis and trading. The coffer noted:
Other Crypto Offerings
In December aftermost year, Swissquote appear that it had become “the aboriginal coffer to action bristles cryptocurrencies: bitcoin, bitcoin cash, ether, litecoin, and ripple.” The coffer abundant on its website, “You charge authority a Swissquote trading annual with banknote accessible in EUR and/or USD. Currently, CHF is not available.” BTC has been accessible on its belvedere back July aftermost year.
In addition, the coffer launched Swissquote Bitcoin Active Basis (SQXBTQ) on Nov. 17 aftermost year. The index, issued by Leonteq Securities AG, is a SIX tracker affidavit with the ability date of Oct. 11, 2024.
What do you anticipate of Swissquote alms audience admission to ICOs? Do you anticipate added banks should do the same? Let us apperceive in the comments area below.
Images address of Shutterstock and Swissquote.
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