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Switzerland’s SIX Group is exploring the possibility of launching a cryptocurrency trading platform in Europe, aiming to compete with establish
ed digital asset platforms like Binance, OKX, and Coinbase. Leveraging Switzerland’s advanced crypto regulations, the exchange hopes to attract large institutional investors interested in trading digital currencies.
“Crypto is increasingly being recognized as a legitimate asset class,” said Bjørn Sibbern, SIX Group’s global head of exchanges. The company is evaluating a platform for trading both spot cryptocurrencies and derivatives.
Traditional financial institutions have mostly avoided crypto trading due to unclear regulations and potential reputational risks. However, some, like Deutsche Boerse and Standard Chartered, have launched separate crypto exchanges.
SIX already operates a crypto derivatives platform called AsiaNext in Singapore, in partnership with Japan’s SBI Group. They are now considering a similar venture in Europe. Additionally, SIX runs a digital exchange where several digital bonds have been listed.
If successful, the move would expand SIX’s influence in the growing crypto space and add to their portfolio of stock exchanges in Switzerland and Madrid, which have hosted notable IPOs this year.
