Online financial and trading services provider, Swissquote has launched its own centralized trading platform for cryptocurrency exchange, SQX, to provide a more competitive and secure trading environment.

The Swiss leader in online banking and Swiss pioneer in digital assets, Swissquotes is now making its way to accept crypto exchanges. The platform SQX has been designed to enhance the customer experience in trading, execution and liquidity.

“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. 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.” says Marc Bürki, CEO of Swissquote. 

Swissquote is wholeheartedly working on improving its customer experience. Unlike other crypto exchange institutions, where both currency and crypto markets are decentralized, they believe that successful currency markets perform on the back of long-standing bilateral relationships. At the same time, crypto markets evolve into a network of exchange.

 SQX’s new central order book is the ideal solution to source the best liquidity conditions from these markets, it sources and aggregates liquidity from different liquidity hubs. This results in a more competitive bid and asks prices than before – and all within a secure trading environment, available 24/7.

Bancor Network (BNT) will be available on SQX in the initial phase. Other cryptocurrencies available at Swissquote will be gradually added to SQX. Clients will not see any changes to the front end of the Swissquote trading platform.