The Swiss stock exchange is exploring the creation of a venue in Europe for trading cryptocurrencies, in a bid to muscle in on a market dominated by long-standing digital assets firms such as Binance, OKX and Coinbase.
The group is considering using its reputation and Switzerland’s advanced crypto laws as a hook for large traditional investors who are growing interested in trading digital assets.
“Crypto has become more and more a recognised asset class,” Bjørn Sibbern, global head of exchanges at SIX Group, told the Financial Times, adding that the company is examining creating “a platform where we can help facilitate trading, whether it’s [spot] crypto or whether it’s derivatives.”