First Regulated Swiss Cryptocurrency Exchange SCX Admits Enjin Coin (ENJ) to Trading

NEWS
Aug 20, 2019
2 min read

Enjin Coin (ENJ) is now listed on Swiss Crypto Exchange (SCX), which recently announced its partnership with a FINMA-regulated Swiss bank whose client base of more than 140,000 traditional investors will now have access to ENJ on the SCX platform.

SCX, the first regulated Swiss exchange platform for cryptocurrencies and blockchain products, has listed Enjin Coin (ENJ). Led by a veteran team of financial industry experts with executive tenure at Goldman Sachs, Swiss Crypto Exchange provides a secure, regulated environment for accessing cryptocurrencies like Bitcoin, Ethereum, and select payment and utility tokens like ENJ.

SCX recently announced its partnership with a FINMA-regulated Swiss bank whose client base of more than 140,000 traditional investors will now have access to ENJ on SCX. Through this integration partnership, the bank's users can opt-in to SCX, enabling them to instantaneously trade Swiss Francs and Euros against Bitcoin and Ethereum, as well as crypto-to-crypto, including ENJ via the SCX platform. This unique onboarding process, which is already available to the bank’s existing client base, allows new users to seamlessly move into the cryptocurrency market, with the entire crypto purchasing process executed with their Swiss bank account.

"It's very exciting to see respected institutions like SCX moving to deliver more transparency and security to people who may have been previously wary of the cryptocurrency market," said Maxim Blagov, Enjin CEO. "I'm especially happy to see them go to such lengths to research and investigate the cryptocurrencies they list. By highlighting trusted cryptocurrencies with tangible adoption prospects, SCX is boosting confidence in the blockchain movement and ensuring projects like Enjin can continue to deliver innovation after innovation for many years to come."

"With the recent upgrade of our platform, we wanted to start offering our clients high quality tokens with proven track records of delivering on their commitments. With Enjin, we have found a great partner and token with a very innovative concept and a strong community," said Francesco Adiliberti, CEO of Swiss Crypto Exchange. "We are very happy to work with a trusted company which continues to innovate and create great products.”

Enjin offers an ecosystem of integrated blockchain products that enable developers to create, manage, and integrate blockchain assets into their games, apps, and other software with ease. The Enjin ecosystem is fueled by ENJ, a utility token used to back the value of Enjin-powered blockchain assets. Every ERC-1155 asset minted with Enjin's blockchain development platform is backed by ENJ, which acts as a certificate of authenticity and reserve value. To date, over 66 million ERC-1155 assets containing ENJ have already been minted, resulting in 1% of the total ENJ supply being locked up in digital assets.