Swiss Bitcoin Startup Relai Builds Proprietary Broker

Bitcoin investing app Relai has change into a regulated Virtual Asset Service Provider (VASP) in Switzerland, permitting it to offer bitcoin brokerage providers to prospects within the nation and Europe, based on a press launch despatched to Bitcoin Magazine. The startup, now a companion of the Financial Services Standard Association (VQF), will have the ability to present extra environment friendly order processing and stop reliance on third-party exchanges.

“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,” mentioned Julian Liniger, co-founder and CEO at Relai. “With our own broker, we will be able to set competitive fees, increase order efficiency, and build new products and services for our users.”

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