Enjin Coin becomes first utility token listed on SCX

The Swiss Crypto Exchange (SCX) – the first regulated exchange in Switzerland for cryptocurrency and blockchain products – has announced the listing of Enjin Coin (ENJ).

Enjin Coin is the first utility token to be listed on the platform.

According to a press release on SCX’s website, the Swiss exchange is led by a “veteran team” of financial industry experts with “executive tenure” at Goldman Sachs.

The exchange claims to provide a “secure, regulated environment” for accessing cryptocurrencies such as Bitcoin and Ethereum, as well as utility tokens such as Enjin Coin.

SCX recently announced a partnership with a FINMA-regulated Swiss bank with a client base of more than 140,000. The exchange claims that all these clients now have access to Enjin Coin through the SCX platform.

FINMA is the Swiss Financial Market Supervisory Authority and is the government body responsible for financial regulation in Switzerland.

Through the partnership, the bank’s users can opt-in to SCX and have instant access to trade Swiss francs and euros against Bitcoin and Ethereum. Users will also be able to trade crypto-to-crypto.

Enjin CEO Maxim Blagov said: “It’s very exciting to see respected institutions like SCX moving to deliver more transparency and security to people who may have been previously wary of the cryptocurrency market.”

“By highlighting trusted cryptocurrencies with tangible adoption prospects, SCX is boosting confidence in the blockchain movement and ensuring projects like Enjin can continue to deliver innovation after innovation for many years to come.”

Interested in reading more Enjin-related stories? Discover more about its plans for the blockchain gaming Multiverse in Coin Rivet’s interview with Enjin co-founder and CTO Witek Radomski.