Swiss Bitcoin startup Relay became a virtual resource service provider

Bitcoin Investment App Relay has become a regulated virtual asset service provider (VASP) in Switzerland, allowing customers in countries and Europe to provide bitcoin brokerage services. Bitcoin Magazine. The startup, now a partner in the Financial Services Standards Association (VQF), will be able to provide more efficient order processing and stop relying on third-party exchanges.

“We are thrilled to be one of the few Swiss Bitcoin startups that are members of VQF, which allows us to build Europe’s top bitcoin brokerage platform,” said Julian Leninger, co-founder and CEO of Reliance. “Through our own brokers, we will be able to set competitive fees, increase ordering efficiency and create new products and services for our users.”

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