SmartTrade Technologies Given The Responsibility To Build SEBA’s Crypto Exchange
A recent tweet made Thursday October 4 by multinational financial software company, smartTrade Technologies has uncovered that it will be responsible for building SEBA’s crypto trading platform housing multiple assets.
@smarttrade_tech chosen by #SEBAcryptoAG to provide best-in-class crypto and traditional assets trading platform #SEBA #crypto #fx #trading #platform #SEBA #Crypto #Cryptocurrency #Cryptocurrencies https://t.co/rX24L4wUM7
— smart-trade.net (@smarttrade_tech) October 4, 2018
CEO of smartTrade, David Vincent has since expressed immense joy in the new endeavor, adding that participating in it is surely to mark a “major financial industry turning point” for the firm. Vincent further claims to fully embrace SEBA’s perspectives on blockchain technology as being the “Fourth Industrial Revolution”.
Speaking with respect to their role, Vincent shared that the firm has since taken a strategic approach towards the platform, and has decided to do so by developing, “a truly multi-asset class trading technology,” adding that it will serve as a real advantage.
Based on a report published by Finance Magnates, smartTrade will focus primarily on establishing several connections with SEBA, which consist of varying liquidity. Other areas that they will be responsible for includes “aggregation, execution and smart order routing solutions,” as well as taking charge in relation to “prices, distribution and [overall] management.”
According to the CEO of SEBA, Guido Buhler, SEBA’s decision for having chosen smartTrade lies namely in the expertise within the technological sphere. He also notes that the latter’s contribution is essential in making their goal of creating the first ever “regulated and supervised Swiss crypto banks” a reality.
About SEBA Crypto AG
SEBA is a Swiss-based startup that has been known for their ultimate goal of building a crypto bank. The startup has sine raised approximately USD$103 million to make this happen. In order to carry forward with the effort at hand, it has been revealed that the firm has since been seeking the necessary licenses.
Buhler added that the secured partnerships will allow SEBA to “bridge the gap between traditional banking and the new world of crypto,” and that their core values, “safety, transparency and performance,” are surely to make them a market leader within both the financial and crypto sectors.