Ambitious Swiss crypto exchange platform launched today

13.06.2018 14:36

Related tags

Bitcoin Trading Platform

With SCX (Swiss Crypto Exchange), another exchange platform for blockchain-based products and crypto currencies officially started trading today. SCX wants to be the leading Swiss provider of clean access and fair trading in the blockchain-based trading segment. The Chairman of the Board of Directors is Christian Katz, the former head of SIX Swiss Exchange.

SCX was founded to provide secure, high-quality and transparent access to blockchain-based products out of Switzerland. SCX provides a "trusted gateway" from traditional currency (FIAT) to crypto and allows two contract holders to come together in a secure environment. It offers the trading of Bitcoin, Ether and selected payment and utility tokens such as Proxeus’ utility token named XES. Asset tokens cannot be traded at SCX. The platorm is operated by the start-up Blockworks, that currently employs a team of 22 staff in Zurich and Europe.

SCX is subject to regulatory audits of self-regulation bodies against money laundering (know your customer) and quality assurance bodies (SRO VQF). This also means that access to the platform by market participants is strictly regulated via "onboarding processes". This ensures that only "clean wallets" are created and that the "registered wallets" of market participants form a trusted and reliable basis. The certified transfer between traditional money and crypto is exclusively enabled by SCX-partner banks. The data centres are physically based in Central Switzerland.

Christian Katz, Chairman of the Board of Directors of SCX says: "Blockchain-based transactions, Smart Contracts and many other innovations in the crypto segment are set to experience strong growth in the coming years. Blockchain transactions are sometimes still rightfully criticised for their lack of transparency. To transfer them to a normalised market we need a clean and transparent as well as a regulated basis in order to further create trust. SCX regards itself as the catalyst for this transfer. As an SRO/VQF-regulated platform and settlement tool for global transactions, SCX is looking to improve the value chain for all market participants, especially in Switzerland."

(Press release)

Please login or
register to comment

Please login or sign up to comment. Commenting guidelines

Please login or
register to use the
bookmark feature

Related tags

Read more about

Principal

Partners

Contributors

By continuing to use this website you agree with our TERMS AND CONDITIONS

In order to provide the best quality for you, our system uses "cookies", which are stored on your device. Cookies are necessary to identify what information (job advertisement, questionnaire, etc) you have already seen. IP address is used for the same purposes as described above.

When creating a profile, applying to the newsletter, job subscriptions and etc, you agree that the data, which you have entered, will be stored and processed in the system in order to provide services, which you have applied for.

We do NOT sell your personal data to any 3rd party services.

You must be 18 or older years old to use our services. If you are underage, you must have a permission to use our services from your parent or guardian. It is necessary in order to store and process your data.

By continuing to use our services, you agree with the these terms. You can withdraw your agreement at any time, by deleting cookies from your device and by sending request for deleting your data to the administrator.