Smart Valor Launches Crypto Trading Services with 4 Fiats

Swiss crypto exchange Smart Valor on Tuesday announced the launch of its much-anticipated digital currency trading platform with nine trading pairs.

Per the official announcement, the exchange is listing two cryptocurrencies - Bitcoin and Ether - in the initial phase against the Swiss Franc, British Pound, euro, and US dollar. The platform also offers custody services along with its trading platform and assured that it would add new digital currencies on a monthly basis for trading.

“After 18 months of development, we are excited to go live with a core element of the SMART VALOR Platform - the exchange. This brings us a huge step forward to our vision of becoming the world’s first security token exchange for alternative investments,” Olga Feldmeier, chief executive of the exchange, said.

A well-regulated exchange

The exchange also boasts its proprietary technology and says that it can handle one million orders per second. It also registered 5,000 traders on the platform before the launch of its services, the announcement detailed.

The Zug-headquartered exchange received regulatory approval to operate as a financial intermediary in Switzerland and also has a license to run a crypto-fiat exchange from Liechtenstein. It has also become the first integrated digital asset exchange to operate from both Switzerland and Liechtenstein, per the company.

The exchange is now pushing to gain multilateral trading facility (MTF) license which will allow it to list and trade any type of tokenized securities including equity instruments, funds, and derivatives.

“The core functionality, compliance, and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term are pretty much identical for Cryptocurrency and security tokens exchange. Therefore, while working our way through the licensing for trading of security tokens, we already moved forward with the launch of the exchange for non-security instruments such as Cryptocurrencies and other Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based tokens,” Thomas Felber, chief technology officer of the company, added.

The exchange also received $3.25 million in funding recently. The investment round was led by Venture Incubator and participated by many the United States and Asia-based investors.