Swissquote to launch its own crypto trading platform SQX
After months of hard work, the crypto trading platform made in Swiss online trading firm Swissquote is ready for its launch. Traders’ assets will now be managed without intermediaries, stored and traded on SQX.
At present, clients of Swissquote can trade cryptocurrencies from the eTrading platform or through the cryptocurrency service in the eBanking portal.
You must hold a Swissquote trading account with cash available in EUR and/or USD, as currently cryptocurrencies cannot be traded directly against CHF.
For the time being, clients of Swissquote can trade cryptocurrencies from the firm’s mobile apps, its Crypto Assets platform (accessible from the eBanking or trading platform) and/or from the trading Workspace.
Most digital assets are quoted on USD and/or EUR and you can trade them as long as you have a positive buying power. Bear in mind that if you traded but you don’t have USD (or EUR) on your account, Swissquite may charge you debt interest on the lent USD (or EUR) amount.
Swissquote has been regularly expanding its cryptocurrency lineup, which now includes 34 cryptocurrencies, such as popular cryptos like Bitcoin and Ethereum. Recent additions include CHZ, ENJ, HBAR, MANA, APE and AUDIO.