Stock Exchange SIX Aims to List Bitcoin on SDX, Crypto Trading Platform to Launch This Summer – Finance Bitcoin News

The 17th. According to a report published in March, the digital exchange, which is being developed by Switzerland’s largest stock exchange, SIX, is preparing to launch in the summer of 2021. An exchange called SIX Digital Exchange (SDX) would also offer bitcoin, as well as the possibility of non-distorting assets, such as art, in the form of tokens.

SIX launches SDX in summer, bitcoin is listed on SIX Digital Exchange

The SIX Exchange, based in Zurich, is Switzerland’s most popular exchange for trading in stock options, derivatives, Swiss government bonds and other types of securities. SIX not only offers exchange products focused on digital currencies such as Bitcoin (BTC) and Ethereum (ETH), but is also launching a cryptocurrency exchange called SIX Digital Exchange (SDX) in the near future.

A recent report by Finews contributor Samuel Gerber notes that SDX plans to launch soon, and in addition to securitized crypto assets, the leading crypto currency Bitcoin (BTC) will also be on the list.

According to Gerber, SDX is supported by an ecosystem of partners and investments from SIX. In particular, Gerber mentioned SDX’s collaboration with the Daura Consortium, a project that aims to launch Swiss cryptocurrency stocks.

A well-known bank also involved in cryptocurrencies, Sygnum, is also a member of the Daura consortium. In the first week of December 2020, SDX also announced a partnership with SBI Digital Asset Holdings. The joint venture between SDX and SBI aims to establish a regional liquidity hub for institutional digital assets in Singapore.

Colored art and traditional banking meet cryptocurrencies

Gerber’s report states that the launch of SDX was delayed by a coronavirus and by the search for external sponsors. SDX is expected to launch in the last quarter of 2020, but is looking for additional shareholders in addition to Swiss partners and banks already associated with SIX. In addition, the Finews report notes that SDX can also note non-removable token assets (NFT), such as. B. Collectible blocks and symbolic works of art.

Eric Schmalzbauer, head of customer experience and product at SDX, thinks there will be many innovative products with blockchain and crypto announced in 2021. According to Schmalzbauer, the most important announcements this year have come from companies like Microstrategy and Tesla, which have bought bitcoin (BTC). The SDX manager thinks the big banks will soon follow suit.

Schmalzbauer’s recent interview comes on the heels of Morgan Stanley Bank’s announcement that it has three bitcoin funds available. I think the traditional banks, especially the big banks, will only join at a later stage because they are heavily regulated and the crypto space is not mature enough yet, Schmalzbauer explained in the interview.

Many people may doubt the viability of crypto or bitcoin as a safe investment, Schmalzbauer said. Still, I think cryptocurrencies will help ease cash flow and balance sheet management over time, he added.

What do you think of SIX’s SDX trading platform launched this summer? Let us know what you think in the comments below.

Tags in this story

art, banks, bitcoin, bitcoin (BTC), BTC, collectibles, Daura Consortium, digital assets, digital currencies, Eric Schmalzbauer, morgan stanley, nft, NFTs, Samuel Gerber, SBI Holdings, SDX, securities, SIX Digital Exchange, six exchanges, SIX SDX, Sygnum

Photo credit: Shutterstock, Pixabay, Wiki Commons, SIX building,

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