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Swiss crypto exchange platform Smart Valor is exploring the possibility of selling all or part of its business

3 hours ago

On January 22nd, as per CoinDesk, the Swiss cryptocurrency exchange and AI-driven investment firm Smart Valor is delving into the prospect of selling either all or a portion of its business. The CEO and co-founder, Olga Feldmeier, stated in an interview that the company is conducting a strategic review following the receipt of a substantial amount of interest from large global exchanges, cryptocurrency platforms, and traditional financial (TradFi) institutions such as banks and trading platforms. The European Union's Markets in Crypto-Assets (MiCA) regulation took effect on December 30th of the previous year, making Smart Valor a potential target for companies operating in Europe without European regulatory approval. Although Switzerland and Liechtenstein (the regulatory jurisdiction of Smart Valor's retail cryptocurrency exchange) are not EU member states, they are part of the European Economic Area (EEA) and can adopt MiCA. Liechtenstein's law will become effective on February 1st. Feldmeier mentioned that the company has engaged the investment bank Imperii Partners to explore potential opportunities.
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Gate.io has released its latest Reserve Data: Total Value surpasses 10 billion US dollars, with an Excess Reserve of 2.296 billion US dollars.

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Since the Virtuals Ecosystem Token Buyback Plan was launched, GAME, CONVO, and AIXBT have ranked in the top three in terms of buyback amount.

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