Search ForexCrunch
  • BTC/USD is rangebound on Monday morning.
  • Swiss  SIX introduces service for trading digital assets.

Bitcoin is changing hands at $6,720, little changes since the start of the day. Positive momentum of the weekend is fading away, but the recovery process is in place as long as the price stays above $6,561, which is 50-SMA on the 4-hour chart. The upside is capped by $6,900 and psychological $7,000.

The Swiss Stock Exchange owned and managed by SIX, is going to launch SIX Digital Exchange (SDX), the world’s first service for  trading, settlement and custody for cryptocurrencies and tokenized securities. The platform will provide a comprehensive environment for  issuing and trading non-bankable digital assets.

“This is the beginning of a new era for capital markets infrastructures. For us it is abundantly clear that much of what is going on in the digital space is here to stay and will define the future of our industry,”  said SIX CEO Jos Dijsselhof.

The SDX will be regulated under  the Swiss National Bank and Swiss Financial Market Supervisory Authority (FINMA), providing solutions to meet the needs of the rapidly evolving market.

“What is going on in the digital space will define the future of the financial industry. The role of SIX Digital Exchange is to bridge the gap between traditional financial services and digital communities.”

BTC/USD, 4-hour chart