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Smart Valor Crypto Exchange Kicks off First Fiat-to-Crypto Trading Venue in Swiss Crypto Valley

  • Yuri Molchan
    📰 News

    Smart Valor, a Swiss-located digital asset exchange, offers trading operations with BTC, ETH, plus tokens qualified as securities


Smart Valor Crypto Exchange Kicks off First Fiat-to-Crypto Trading Venue in Swiss Crypto Valley
Contents

In its blog post, Smart Valor spreads the word that the company has launched crypto brokerage and custody, as well as fiat-to-crypto trading. So far, fiat currencies can be bought and sold against two major crypto coins – BTC and ETH. Also, the blog post says that from now on it would add new coins on a monthly basis.

Fiat-to-crypto trading

Smart Valor is located in Zug, the heart of the Crypto Valley, and it is the first integrated trading platform that has been set up in the country.

Nine fiat-to-crypto pairs have been added with BTC and ETH going against the USD, EUR, CHF, EUR, GBP and USD.

Crypto and fiat will not be the only assets traded on Smart Valor, the venue will also offer traders security tokens.

The company also has its own crypto, VALOR. Presently it is traded on several virtual exchanges and is popular with investors from VC companies.

The blog post also says:

The roadmap for the next 6 months also includes long-term deposit of fiat money, CHF-based stable coin as well as trading and staking of exchange’s native cryptocurrency currency VALOR.

Smart Valor’s plans

Smart Valor is supported by its partners, among which are Ledger and BitGo.

The roadmap for next six months speaks about allowing customers to deposit fiat currencies for a long term, as well as launching a CHF-pegged stablecoin.

Last year, Reuters reported that Smart Valor had been approved by local regulators to operate as a Financial Intermediary.

Cover image via www.123rf.com
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About the author

Yuri entered the crypto sphere at the BTC price peak in 2017, quickly turning into a crypto enthusiast. He has written for several media, covering everything from TA to ICOs and crypto regulations. Presently is a news writer, working with crypto and blockchain-related topics.

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