According to a press release today, the exchange stated that currently, BTC and ETH could be traded with four major fiat currencies including, Swiss franc (CHF), British pound sterling (GBP), Euro (EUR), and U.S. dollar (USD).
Smart Valor assures users that it would not only focus on the trade of BTC and ETH for the listed fiat currencies, but it will carefully add attractive cryptocurrencies on its platform monthly.
The exchange noted that when it gets regulatory approval, users should expect the addition of other security tokens that are backed by real assets in the future.
“After 18 months of development, we are excited to go live with a core element of the SMART VALOR Platform – the exchange,” said Olga Feldmeier, Smart Valor’s CEO.
Smart Valor, the first Swiss’ integrated exchange provider, expressed that the move would help investors make the right decision when investing in the crypto space and it would further put them an inch closer toward its vision.
“This brings us a huge step forward to our vision of becoming the world’s first security token exchange for alternative investments,” Olga added.
Smart Valor has its headquarters in the town of Zug, which happened to be the home of Switzerland’s crypto valley, a blockchain hub that hosts over 600 blockchain companies.
The exchange also gave users a hint of what to come in the next six months ranging from the long-term deposit of fiat currencies to the trading and staking of its native currency VALOR.
The exchange further boasts that its platform has been upgraded to process over one million crypto transactions within a second.
Switzerland is fast becoming a blockchain-friendly nation like Malta and Singapore. As Coinfomania reported in March, Swiss president, Ueli Maurer, at the CV Crypto Valley Summit noted that regulations for the blockchain industry in the country should be explicitly stated for clear understanding.
Affiliate: Get a Ledger Nano X for $119 So That Hackers Won't Steal Your Crypto!