Baar, Zug, Switzerland — Single Broker is happy to announce that it has been recognized as a Swiss-based regulated company that combines crypto brokerage services and a trading platform. Furthermore, it has become an affiliate member of the Swiss SRO (Self-Regulated Organization) “VQF,” ensuring it meets high industry-compliance standards to deliver a safe and transparent crypto trading experience.
Single Broker is now a member of Swiss SRO “VQF”, which is supervised by FINMA. The SRO is officially recognized by the FINMA Self-Regulatory Organization pursuant to the Anti-Money Laundering Act (AMLA) for over three decades. The organization facilitates compliance management, conducts regular audits of its members, and provides training to ensure best industry practices are implemented.
FINMA protects financial market clients, including creditors, investors, and policyholders, and ensures the efficiency of the overall Swiss financial market. This fosters the transparency of crypto brokerage services, provided by Single Broker, as well as its trading platform.
As a result, crypto holders and traders can securely operate in the crypto market via the Single Broker platform, avoiding risks that are common in other jurisdictions that have low legal frameworks and non-transparent legal responsibilities. Such risks include assets and identity theft, unsecure fund allocation and distribution (with no returns in the case of broker bankruptcy), and failure to meet know-your-customer (KYC) and anti-money laundering (AML) regulation requirements for institutional clients.
To overcome these and other challenges, the Single Broker company chose the Swiss FinTech regulation landscape because of its high level of legal certainty for crypto regulation and taxation, as well as its well-developed crypto ecosystem and crypto infrastructure. This allows the company to provide retail and institutional clients with a higher level of security, ensuring their funds are stored in a reliable jurisdiction, where their rights are protected.
About Single Broker
Single Broker is a Swiss-based regulated provider of brokerage services and a trading platform that allows traders and investors of all scopes to manage their digital assets in a single secure online environment. It provides access to CEX, DEX, DeFi, and versatile tools for risk management, access rights and portfolio analytics.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.