NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Kraken Strengthens Swiss Ties, Aims at Supporting Struggling Crypto Ecosystem

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Crypto Kraken

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cryptocurrency exchange Kraken recently announced that they will be acting to strengthen their ties to Switzerland, describing the country as a “kindred spirit” due to its positive approach to regulating and incubating growth within the crypto sector.

To build a foundation within the country, the exchange recently began offering support of the Swiss Franc (CHF) while also joining the Crypto Valley Association – which is a leading Swiss-based blockchain advocacy group.

The exchange is taking these actions in hopes of offering better support to the growing cryptocurrency ecosystem within Switzerland and Europe in general, which has been struggling as a result of the ongoing pandemic.

Kraken Moves to Deepen Ties to Switzerland as European Crypto Ecosystem Struggles

In a recent blog post, the popular cryptocurrency exchange explained that they view the country as a “kindred spirit” due to its strong commitment to privacy and security – which both sit at the heart of the crypto industry.

Kraken notes that the country’s commitments to these credos have allowed them to become a trusted financial hub globally, while also attracting a massive blockchain ecosystem.

Currently, more than 800 blockchain-related companies call Switzerland home. Many of these companies are located within Zug.

The ongoing pandemic that has rattled the global economy has adversely impacted the financial health of many of these companies.

In response to this, Kraken is looking to increase its ties to the Swiss cryptocurrency ecosystem in order to help facilitate and incubate growth both in the country and in Europe as a whole.

“Despite this great progress, many of these crypto companies remain in their embryonic stages and are straining under the harsh financial pressures of [the pandemic]. According to a recent survey by the Swiss Blockchain Federation, nearly 80% of these companies risk bankruptcy in the next 6 months,” Kraken explained.

Long-Term Industry Outlook Remains Strong Despite Near-Term Hurdles

Although many companies located within both Switzerland and other parts of the globe have been struggling as of late, it is important to note that the industry’s long-term outlook remains bright.

Jesse Powell, the CEO of the exchange, explained in an interview with Bloomberg from last week that Bitcoin’s status as a hard asset makes its future incredibly bright.

He even went so far as to note that the benchmark cryptocurrency could soon “surpass gold as a store of value” due to its fixed scarcity.

If this does occur, it will likely create upwards tailwinds that help support the growth of the entire industry.

Featured image from Shutterstock.
Tweet123Share224ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Consolidates Below Resistance — Can It Seal A Weekly Close Over $107,720?

Bitcoin is at a pivotal point, and the weekly close could define its next move. To confirm bullish continuation and...

Sandra White 5 hours ago
crypto ETF's snorter

Токен Snorter достиг $1,45 млн на ICO: помощь дегенам безошибочно ловить следующий 100-кратный рост

Муравьед с нереальным чутьем на прибыль и поиск следующих токенов с ростом в 100x, Snorter Bot Token (SNORT), продолжает развитие:...

lisachaikina 6 hours ago
Tron DeFi Activity Expands: SunSwap Hits $3B+ Monthly Swaps In 2025

Tron DeFi Activity Expands: SunSwap Hits $3B+ Monthly Swaps In 2025

Tron (TRX) is currently navigating a prolonged consolidation phase that began in December 2024, with prices oscillating between key levels...

Sebastian Villafuerte 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Price Surges Toward $110K

Bitcoin Price Surges Toward $110K — Will It Finally Stick the Landing?

Aayush Jindal 1 hour ago
Bitcoin

Bitcoin Holds Steady Above $107K As US Senate Clears $4.5T Spending Bill

Christian Encila 2 hours ago
Bitcoin

Analyst Says Cycle Is Not Finished Amid 2 Years Of Bitcoin Sideways Movement

Scott Matherson 4 hours ago

Premium Sponsors

Press Releases

  • 1 Najlepšia kryptomena na kúpu predtým

    1 Najlepšia kryptomena na kúpu predtým, než vzrastie o...

    4 hours ago
  • O criptomonedă de top de cumpărat înainte să crească...

    5 hours ago
  • Szukasz najlepszych kryptowalut do zakupu w 2025 roku

    Szukasz najlepszych kryptowalut do zakupu w 2025 roku? Oto...

    6 hours ago
  • Best Crypto Payment Gateway for Trading in 2025

    9 hours ago
  • 仮想通貨プレセールで1.45百万ドル調達-人為的ミスを排除し次の100倍を目指す新鋭トークン

    ...

    13 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.