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Bitcoin Suisse Plans for IPO

08 Jan Bitcoin Suisse Plans for IPO

Posted at 08:52h in Bitcoin News by

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Bitcoin Suisse wants to get a banking license this year and take the company public in a subsequent step, according to information obtained by finews.com. Other crypto-firms have similar plans for getting additional financing.

Bitcoin Suisse, Seba Crypto, Sygnum and Crypto Finance Group are the four firms vying to take the lion’s share of the cryptocurrency market in Switzerland, minor as it may yet be.

Seba Crypto and Sygnum in the autumn of 2019 started out fully equipped with a banking license. Crypto Finance Group is looking to get a license as a securities trader and Bitcoin Suisse in July 2019 filed its application for a banking license with the Swiss regulator. It expects to receive the license later this year.

Stiff Competition

This means that the fight for clients and market share will gather steam this year, not least as Seba Crypto and Sygnum both started out full of energy and purpose but essentially from scratch.

In Zug, at Bitcoin Suisse headquarters, the…

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