World Third Largest Crypto Set to Relocate

British Virgin Islands-established Bitfinex, the fifth largest crypto buying and selling platform in the world in phrases of buying and selling quantity, intends to relocate its trade to Zug, Switzerland, Cointelegraph auf Deutsch said Tuesday, March 27.

Jean Louis van der Velde, CEO at Bitfinex, confirmed the exchanges plans to the Swiss trade newspaper Handelszeitung Tuesday. The Bitfinex leadership has reportedly met a number of occasions with the State Secretariat for international Finance SIF and also with the Federal Councilor Johann Schneider-Ammann, who heads the fiscal department of Switzerland.