Bitfinex is looking to relocate its business, and Switzerland is at the top of the list of possible new locations.

Bitfinex is looking to relocate its business, and Switzerland is at the top of the list of possible new locations.

The move will result in the formation of a new public company to replace the former parent company iFinex in the British Virgin Islands. All departments (legal, financial, and technical) and the current management team will also settle in and operate from Switzerland.
“We are looking for a new home for Bitfinex and the parent company iFinex, where we want to merge the operations previously spread over several locations.”

However, Bitfinex appears all set to turn their reputation around with the move to Switzerland; according to CEO van der Velde:

“We want to be the most transparent of all exchanges and meet the requirements of the Swiss regulator.”