Bitfinex, the Fifth Largest Cryptocurrency Exchange Is Moving to Switzerland

Bitfines, the fifth largest crypto-exchange in the world, is based now in British Virgin Islands, but the exchange has serious intentions to move to Switzerland. Jean Louis van der Veide, the Bitfinex CEO, has already announced the plans. The administration of the cryptocurrency exchange has met several times with the representatives of the State Secretariat for International Finance SIF, and the Federal Councilor Johann Schneider-Ammann, who is the head of the economic department of the country.

Technical, financial and legal departments are going to operate from Switzerland, as well as the company management is going to settle down in Switzerland. The exchange is willing to work in accordance with the local legislation and with the best practices of the country.


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