The Head of the SIX Digital Exchange (SDX) has stepped down due to disagreements on how the nascent trading platform should be run.
According to the official announcement, the current CEO Martin Halblaub will depart at the end of August when his contract expires.
Halblaub states he cannot engage in a long term commitment as Head of SDX because of differing ideas on strategy development.
The main difference is that Halblaub reportedly wanted SDX to be launched as an independent company – a plan that grated with SIX’s board who wanted the new exchange to operate under the overall SIX umbrella.
It is expected that Halblaub will be replaced as SDX CEO on September 1 by Tomas Kindler on an interim basis.
Last year, the Switzerland Stock Exchange which is operated by SIX revealed plans to create a new “ecosystem-like” cryptocurrency exchange platform which will oversee trading, custody and settlements.
Earlier iHodl reported that Amun AG, a Swiss fintech crypto-focused company, listed the first exchange-traded product (ETP) tracking the performance of bitcoin cash (BCH) on the Swiss leading stock exchange — SIX Swiss Exchange
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