Swiss stock exchange, SIX, is setting its sights on the European cryptocurrency market, looking to establish a new trading venue that leverages Switzerland’s progressive crypto laws. Bjørn Sibbern, global head of exchanges at SIX Group, emphasized the increasing acceptance of crypto as a legitimate asset class. The proposed platform aims to cater to institutional investors, offering both spot trading and derivatives.

While traditional financial entities have hesitated due to regulatory uncertainties, Switzerland’s welcoming stance and SIX’s solid reputation may draw significant investor interest. The U.S. approval of bitcoin and ethereum ETFs earlier this year has already sparked a surge in both retail and institutional investment, hinting at a growing appetite for such ventures.

SIX, which is backed by 120 banks and also operates a digital exchange in Switzerland, is exploring this expansion as part of its broader European strategy. This move could position SIX as a pivotal player in the crypto trading world, building on its track record of hosting major IPOs like those of Puig and Galderma.

Source