According to TechFlow, the Swiss Stock Exchange (SIX) is exploring the creation of a cryptocurrency trading platform in Europe to enter the market currently dominated by long-term digital asset companies such as Binance, OKX and Coinbase.
SIX plans to use its reputation and Switzerland's advanced crypto laws to attract large traditional investors who are increasingly interested in trading digital assets. The platform will only be available to institutional investors, such as asset management companies. SIX currently operates a crypto derivatives company AsiaNext in Singapore in a joint venture with Japan's SBI Group and is evaluating whether to launch a similar business in Europe.
Switzerland has emerged as one of the friendliest cryptocurrency countries in Europe, with many asset trading and custody laws that have yet to be introduced in other countries.