Swiss Stock Exchange Could Launch its Own Crypto Exchange
The Swiss stock exchange is considering establishing a platform in Europe for trading cryptocurrencies.
Leveraging its reputation and Switzerland’s progressive crypto laws, the exchange hopes to attract large traditional investors who are increasingly interested in trading digital assets.
Bjørn Sibbern, global head of exchanges at SIX Group, stated that “crypto has become a recognized asset class” and the company is exploring the possibility of creating a platform for trading both spot and derivative crypto assets.
While traditional finance firms have been hesitant to delve into crypto trading due to unclear regulations and concerns over reputation, a few major players like Deutsche Boerse, Nomura, and Standard Chartered have set up their own crypto exchanges separate from their core businesses.
