Crypto Broker AG Receives FINMA Securities House License
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Crypto Broker AG Receives FINMA Securities House License

February 1, 2021      Jafrin Ahmed

Swiss-based Crypto Broker AG has been granted a securities house license by FINMA, the Swiss Financial Market Supervisory Authority. Crypto Broker AG is part of The Crypto Finance Group, a leading digital asset company that includes asset management and storage infrastructure services. The license will now allow the Crypto Finance Group to offer new products, and services, trading features that meet the regulatory standards.

License Granted in Approach to Crypto Asset Trading, Liquidity Provision

The license has been recognized in response to Crypto Broker AG’s professional approach to crypto asset trading, liquidity provision, and innovation. The firm provides the leading innovation in financial services, making it a partnership choice for institutional investors and leading financial players. Meanwhile, the latest securities license marks a significant milestone in response to its previous year’s performance where the brokerage firm had crossed over $1 billion in assets.

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In the announcement release, Rupertus Rothenhaeuser, CEO of Crypto Broker AG, said:

“The announcement marks a milestone in achieving the Crypto Finance Group vision: providing professional products and services for the evolving digital asset universe. Given last year’s exponential growth in digital asset operations with our clients, we expect continued business expansion in 2021.” 

Switzerland Appears Crypto-Friendly Jurisdiction

Crypto Finance is one of the few global crypto brokers that fulfill the licensing requirements as a securities firm. Once effective, the license will bring new business prospects for trading security tokens.

Jan Brzezek, founder and CEO of the Crypto Finance Group commented on securing the license from FINMA:

“Getting the securities house license for our brokerage is a pivotal moment for us. It means that we will be able to offer our professional and regulated services to even more financial institutions, enabling them to enter this new asset class. The license also recognizes our team’s dedication and expertise.” 

Meanwhile, Switzerland might be one of the few countries in the world with crypto-friendly regulations. Although only a few of the crypto firms have secured a FINMA license.

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#Crypto Broker AG #Cryptocurrency Regulation #Financial Market Supervisory Authority #Securities House License #The Crypto Finance Group
Jafrin Ahmed
Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.