According to a report by the Financial Times, SIX Group is exploring the creation of a cryptocurrency trading platform in Europe, attempting to enter the market dominated by established digital asset companies such as Binance, OKX, and Coinbase.
SIX Group is considering leveraging its reputation and Switzerland's advanced cryptocurrency laws to attract large traditional investors who are increasingly interested in digital asset trading. Bj ø rn Sibbern, Global Head of SIX Group Exchanges, said in an interview with the Financial Times, "The trend we are seeing is that more and more international banks and institutions are paying attention to cryptocurrencies
Sibbern stated that "cryptocurrency has become an increasingly recognized asset class," and the company is researching the establishment of "a platform where we can help facilitate transactions, whether it be cryptocurrency (spot) or derivatives. He stated that this trading venue will only be open to institutional investors such as asset management companies.
This Swiss group, owned by 120 banks, operates an independent digital exchange that has listed 9 digital bonds issued by institutions including UBS and the Lugano municipal government since 2018. Sibbern stated that the digital exchange "may... expand this concept" to include cryptocurrency trading.