Swiss SIX stock exchange explores setting up crypto arm in Europe

Switzerland’s SIX stock exchange is exploring the possibility of setting up a cryptocurrency trading platform in Europe. The move is aimed at attracting traditional investors by leveraging Switzerland’s favorable crypto laws. SIX Group, the operator of the Swiss stock exchange, hopes to compete with major players like Binance, OKX, and Coinbase. The company plans to utilize its reputation and Switzerland’s progressive crypto regulations to attract institutional investors interested in crypto trading. While the launch timeframe remains undisclosed, SIX Group is currently evaluating the creation of a platform for both spot crypto trading and derivatives. The platform would be exclusive to institutional investors. Switzerland’s crypto-friendly environment, coupled with clear regulations on asset trading and custody, would be key advantages for the new venue.