Switzerland-based Smart Valor crypto exchange lists XRP

According to recent reports, a Swiss
cryptocurrency exchange known as SMART VALOR has just announced adding support
for the third-largest cryptocurrency by market cap, XRP.

🚀#XRP trading is now live on @smartvalorinc allowing users to invest in a coin whose low-fee, real-time transactions are turning heads of traditional financial institutions worldwide !

XRP Listing Info👉https://t.co/4V0uvyuxa0
Trade Now👉https://t.co/v9J5GcWCY5#blockchain pic.twitter.com/XwMnaAA4ki

— SMART VALOR (@smartvalorinc) January 31, 2020

As many likely know, XRP is a cryptocurrency
created by a crypto startup, Ripple. The coin is used to fuel Ripple’s
cross-border payment products, which are being offered to banks around the
world. With more and more financial institutions using XRP, the coin’s
reputation continues to improve, and now, it seems that even the Swiss
exchanges are willing to list it.

SMART VALOR, on the other hand, is a rather
new exchange, which was launched last year. Since then, it added support for
multiple altcoins, including BTC, ETH, BCH, LTC, XLM, DASH, and EOS. EOS itself
was listed only a few weeks ago, in early January 2020.

Apart from listing all of these cryptocurrencies, SMART VALOR also supports multiple fiat currencies, such as euros, US dollars, Swiss francs, and British pounds.

SMART VALOR is one of the few
fully legal and regulated blockchain firms

The exchange also stands out for being one of the very few firms of this type that managed to obtain all the necessary licenses and approvals to operate in the Swiss market. The company’s CEO, Olga Feldmeier, noted in last year’s interview that regulatory compliance in the crypto industry is extremely important.

Feldmeier stressed that, when it comes to the
majority of exchanges, people do not even know where they are. She mentioned a
report published by Bitwise for the US SEC, in which Bitwise noted that only
around 10 exchanges are fully regulatory compliant, safe, and legal.

SMART VALOR itself launched in July 2019, after raising around $3.25 million
in funding. Since then, it has made itself available to the customers based in
Switzerland and Lichtenstein. Originally, it only listed BTC and ETH, but
recently, it started adding more and more coins, eventually resulting in a
previously mentioned list.