With the rise of cryptocurrencies, many exchanges are being established all around the world to provide people with the means to buy, sell and trade cryptocurrencies. Russia's largest State Bank, Sberbank, is intending to establish a cryptocurrency exchange in Switzerland. They chose to open the exchange in Switzerland because Russia has still not legalized cryptocurrency whereas it is already legal in Switzerland. The purpose of opening this exchange is to provide more services to their customers by adding cryptocurrency services as well. The date on which the cryptocurrency exchange is to be established has not been announced.
