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Crypto Broker AG has been granted a license by the Swiss Financial Market Supervisory Authority (FINMA). The license enables AG to operate as a securities house with a bilateral trading facility. This development was revealed by Crypto Broker AG in a press release today that highlighted details about the license. As per the report, the license was in recognition of the group’s reputation of excellence in financial services.
Crypto Broker AG is the brokerage subsidiary of Crypto Finance Group, and the license is a huge milestone for the crypto firm. With the license, Crypto Finance Group will also be able to offer new products and services. Additionally, the license offers new business opportunities for the brokerage firm within the financial markets. It is expected that the Crypto Finance Group could integrate the trading of security tokens with the issuance of the license.
Major Milestone For the Crypto Brokerage Firm
FINMA is one of the top regulatory bodies and regulates the popular Swiss exchange. In recent times several crypto brokerage firms have sought to apply for a license from the regulatory body. Crypto Broker AG is regarded as one of the top crypto brokerage trading firms with a presence in several exchanges globally.
The brokerage firm offers crypto products like ETF and tokenized assets to institutions and investors. Crypto Broker AG processed over $1 billion crypto-assets in 2020, and this latest development provides the potential for further growth.
Jan Brzezek, CEO of Crypto Finance Group, stated that the license’s acquisition was a pivotal moment. He further stated that the license would enable the brokerage to offer novel and regulated services. ‘’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’’. He said.
Rupertus Rothenhauser, CEO of Crypto Broker AG, stated that the license was a great milestone. Given last year’s exponential growth in digital asset operations with our clients, we expect continued business expansion in 2021.” he added.