Innovative Concepts AG has launched SuisseBase, a platform that allows users to connect traditional bank accounts with cryptocurrency wallets, enabling them to make transactions seamlessly between the two. It differs in that it is designed for retail clients as well as institutional users who need a service that can handle large transactions without causing price slippage, or a departure from the intended sale price.
More information is available at https://suissebase.ch
According to its developers, SuisseBase can handle “sub-second” settlements owing to its high liquidity, which is due to a massive integrated network of liquidity providers, also known as market makers who stake their assets in exchange for transaction fees.
Another way by which SuisseBase handles incredibly large orders is by facilitating over-the-counter (OTC) transactions, which are done directly between a buyer or seller. An OTC transaction can sidestep the issue of liquidity, as cryptocurrencies are bought and sold at agreed-upon prices, making them a preferred choice by users dealing with large sums.
Innovative Concepts AG further stated that one of SuisseBase’s most defining features is the level of security features built into the platform. For one, it uses cold storage to secure crypto assets. This means that the coins are stored offline and not accessible via the internet, protecting them from threat actors and other security vulnerabilities.
“Since SuisseBase’s origins are in cybersecurity, we’ve applied the same security principles to crypto that are followed by banks and pharma companies,” the company stated on its website, adding that the platform holds a number of ISO certifications related to cybersecurity, such as ISO/IEC 27001 for IT management and ISO/IEC 27017 for cloud security, among others.
The platform also has features in place that prevent it from being used in money laundering. Innovative Concepts AG stated that it has passed numerous technology audits by the Association Romande des Intermediaires Financiers, a self-regulatory organization dedicated to the prevention of money laundering authorized by the Swiss Financial Market Supervisory Authority. “We follow the principles of the Swiss, so our clients can be assured of our absolute discretion and professionalism,” it explained.
In addition to USDT, SuisseBase features over 40 tradable assets, and an expense card is set to be issued soon to corporate clients.
Interested parties can learn more about the platform at https://suissebase.ch
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
Innovative Concepts AG dba Suissebase.ch
12 Place de la Fusterie
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Study Champ journalist was involved in the writing and production of this article.