Swissquote Bank to Launch Its Own Cryptocurrency Exchange in First Half of 2025

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Swissquote Bank, Switzerland’s largest digital-only bank, is making bold moves in the rapidly evolving digital asset landscape. With plans to launch its own cryptocurrency exchange by the first half of 2025, the FINMA-regulated financial institution aims to solidify its position as a leading player in the crypto space. Jan De Schepper, Chief Sales and Marketing Officer at Swissquote, confirmed the timeline in a recent interview with Finews.asia, stating that the platform will support a wide range of cryptocurrencies and is designed to meet growing client demand for secure, regulated access to digital assets.

The upcoming exchange will not only expand trading options but also introduce new services such as staking and stablecoin offerings—features increasingly sought after by retail and institutional investors alike. This strategic expansion underscores Swissquote’s commitment to innovation while maintaining strict compliance with Swiss financial regulations.

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Expanding Crypto Offerings and Infrastructure

Currently, Swissquote supports 24 major cryptocurrencies, including:

By launching its proprietary exchange, Swissquote intends to enhance liquidity, improve execution speed, and offer more advanced trading tools tailored to both novice and experienced traders. The move aligns with broader trends in traditional finance embracing blockchain technology and reflects shifting market sentiment toward digital assets.

Switzerland's Growing Digital Asset Ecosystem

Swissquote’s initiative comes amid a surge in crypto-related developments across Switzerland, often referred to as "Crypto Valley" due to its favorable regulatory environment and concentration of blockchain firms. Recent milestones include:

These developments signal a maturing ecosystem where traditional financial institutions are integrating crypto services rather than treating them as separate entities.

Meeting Soaring Demand with Strategic Hiring

Since early 2024, Swissquote has seen a dramatic increase in demand for cryptocurrency products. In response, the bank has significantly expanded its team, particularly in compliance and customer support—areas critical for onboarding new users securely and efficiently.

“Our compliance and customer service teams were almost overwhelmed by crypto clients,” De Schepper recalled. “But our recruitment drive has paid off—we now often manage to open trading accounts within a single day.”

While most accounts are processed quickly, edge cases—such as clients with common names or those from higher-risk jurisdictions—may require up to one week for verification due to enhanced due diligence procedures.

This operational efficiency has translated into strong financial performance. In the first half of 2024 alone, net income from crypto-related activities surged over 1,000%, reaching CHF 63.2 million. The bank projects its pre-tax profit to double by the end of 2025, although this growth is accompanied by increased investment in infrastructure and technology.

A Competitive Edge in a Conservative Market

Historically, many Swiss banks have approached cryptocurrency with caution, primarily due to regulatory and compliance concerns. As a result, Swissquote—a pioneer in online trading and digital banking—has gained a significant first-mover advantage.

Unlike traditional banks that must build crypto capabilities from scratch—a process that demands substantial time, expertise, and capital—Swissquote has already developed deep experience in digital assets. For example, it offers actively managed Bitcoin warrants powered by machine learning algorithms. These exchange-traded products are listed on SIX Swiss Exchange and allow institutional investors to gain exposure to Bitcoin without directly holding the asset—an important distinction given internal restrictions some institutions face.

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The algorithm dynamically adjusts Bitcoin exposure between 60% and 100% based on predictive price signals, aiming to optimize returns through active portfolio management. This innovative approach differentiates Swissquote from competitors like Dukascopy Bank, which focuses more on enabling crypto deposits and peer-to-peer transfers.

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Frequently Asked Questions

Q: When will Swissquote launch its cryptocurrency exchange?
A: Swissquote plans to launch its own cryptocurrency exchange by the first half of 2025, pending final regulatory approvals and technical readiness.

Q: Is Swissquote Bank regulated for cryptocurrency activities?
A: Yes, Swissquote is regulated by the Swiss Financial Market Supervisory Authority (FINMA) and operates under strict compliance standards for all financial services, including digital assets.

Q: Can I stake crypto on Swissquote’s platform?
A: Yes, staking services will be available once the new cryptocurrency exchange launches, allowing users to earn rewards on supported proof-of-stake coins.

Q: What cryptocurrencies does Swissquote support?
A: Currently, Swissquote supports 24 major cryptocurrencies, including Bitcoin, Ethereum, Solana, Cardano, and various DeFi tokens. More assets will be added post-exchange launch.

Q: How fast can I open a crypto trading account with Swissquote?
A: Most accounts are opened within one business day. Complex cases may take up to a week due to enhanced identity verification requirements.

Q: How does Swissquote’s Bitcoin warrant work?
A: It’s an actively managed exchange-traded product using machine learning to adjust Bitcoin exposure between 60% and 100%, offering institutional investors indirect access to BTC price movements.

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