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Swiss Bitcoin Startup Relai Becomes A Regulated Virtual Asset Service Provider

Relai, Europe’s most convenient Bitcoin investing app, today revealed that it has actually ended up being a regulated Virtual Asset Service Provider (VASP) in Switzerland, permitting the business to supply Bitcoin brokerage and digital currency exchange services to clients in Switzerland and Europe. 

As a member of the Financial Services Standards Association (VQF), Relai can now straight exchange Euros (EUR) and Swiss francs (CHF) for Bitcoin (BTC) and vice versa.

The VQF subscription was gotten as part of Relai’s strategies to develop an internal broker to stop dependence on third-party exchanges for trade execution. With its own brokerage abilities, Relai will have the ability to supply effective order processing, immediate purchases, and brand-new offerings for financiers who are aiming to purchase bigger quantities of Bitcoin.

Julian Liniger, Co-Founder and CEO at Relai, commented: “We are excited to be one of the few Swiss bitcoin startups who are members of VQF, allowing us to build Europe’s leading bitcoin brokerage platform. With our own broker, we will be able to set competitive fees, increase order efficiency, and build new products and services for our users. Additionally, thanks to the openness of the Swiss financial market authorities, we can show our users, partners, and investors that we are a competent and trustworthy fintech company.”

About Relai

Relai is on an objective to make purchasing bitcoin simple. The ‘Made in Switzerland’ bitcoin financial investment app allows anybody in Europe to buy bitcoin within minutes and without the requirement for registration, confirmation, or a deposit. Learn more about Relai at www.relai.ch.   

Media Contact

Imo Bábics, CMO
imo@relai.ch

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