Switzerland's SIX Group considers launching crypto exchange

SIX Group, the operator of the Swiss stock exchange, is exploring the possibility of launching a cryptocurrency trading platform in Europe.

With digital assets becoming a more "recognized asset class," the group aims to capitalize on Switzerland's progressive crypto regulations and its strong reputation to attract institutional investors.

Bjørn Sibbern, global head of exchanges at SIX Group, noted the increasing interest from global banks and institutions in crypto trading, hinting that the new platform could offer trading in both spot crypto and derivatives.

The move would position SIX alongside established crypto firms like Binance, OKX, and Coinbase, as traditional finance companies cautiously enter the market due to regulatory concerns.

Switzerland’s crypto-friendly environment may offer SIX a competitive advantage, as the country has clear laws governing asset custody and token classification.