SIX Swiss Exchange Partners with Omniex for Crypto Gateway Expansion

SIX Swiss Exchange Teams Up with Omniex

In a strategic move to enhance its position in the digital asset sector, SIX Swiss Exchange has forged a partnership with San Francisco-based Omniex. This collaboration isn’t just a casual coffee date; it’s a commitment to providing institutional investors with access to cryptocurrency trading platforms.

The Gateway to Digital Exchanges

According to the press release dated February 25, SIX’s partnership with Omniex will serve as a vital gateway for clients looking to navigate the often tumultuous waters of digital exchanges, including crypto and market makers. With this partnership, SIX isn’t just merely dipping its toes in the crypto pool; it is making a splash by becoming a shareholder of Omniex through an undisclosed investment.

Future Prospects with the SIX Digital Exchange (SDX)

The collaboration isn’t merely about the present; it extends its reach into the future with the impending launch of the SIX Digital Exchange (SDX). This exchange promises to be a state-of-the-art infrastructure catering to the trading and custody of digital assets, and Omniex is poised to play a crucial role in its development.

Market Needs and Responses

SIX Executive Board member, Thomas Zeeb, articulated the growing need for access to cryptocurrency markets, stating, “Our new collaboration will provide a standardized and secure gateway via SIX as the trusted partner of the financial industry.” Clearly, the market demand has not gone unnoticed!

Regulatory Environment: A Key Advantage

Hats off to Switzerland for its progressive approach to cryptocurrency regulation. Omniex’s CEO, Hu Liang, has remarked on how the Swiss regulatory framework paves the way for smoother adoption of crypto. It seems Switzerland is rocking the crypto world like a pro, setting a gold standard among major financial markets.

Countdown to the SDX Launch

Looking ahead, the SDX was initially announced on July 6, 2018, as a fully integrated platform designed for trading, settlement, and custody of digital assets under Swiss regulatory oversight. Fast forward to September 23, 2019, when SIX showcased an SDX prototype that employed distributed ledger technology. With plans for an Initial Digital Offering in mid-2020, the excitement is palpable as we inch closer to the official launch of this digital asset exchange in the fourth quarter.