Yesterday, Somexbit crypto exchange officially opened a European branch, thanks to which users will be able to buy bitcoins (BTC) and Ethereum (ETH) for euros.
Somexbit exchange has also announced its partnership with leading OTC trading platforms in Europe, Asia and the USA. Cooperation will create a high-performance platform that will support fast transactions and settlement time at the international level.
The opening of the European branch of Somexbit was announced a few months before its launch. The platform is a member of the VQF (Financial Services Standards Association), a self-regulatory organization that received approval in 2018 from the Swiss financial markets regulator FINMA.
As a member of the SRO (Self-regulatory organizations), Somexbit exchange can act as a “financial intermediary” in accordance with the Swiss Anti-Money Laundering Law (AMLA).
Somexbit will comply with a number of strict rules and regulations. The platform must undergo a rigorous audit, including an AML compliance procedure, the requirements for which are constantly monitored and updated.