- SIX Group’s Plans for a New Platform
- Focusing on Institutional Investors
- Legal Initiatives and Regulation
The operator of the Swiss stock exchange, SIX Group, is considering setting up a new platform for crypto trading in Europe. The company aims to leverage its reputation and Switzerland’s progressive crypto regulations to attract institutional investors.
SIX Group’s Plans for a New Platform
SIX Group plans to create a crypto trading platform in Europe to compete with major players like Binance, OKX, and Coinbase. Bjørn Sibbern, global head of exchanges at SIX Group, noted that cryptocurrencies are becoming more of a recognized asset class and that the company is contemplating creating a platform for crypto and derivatives trading.
Focusing on Institutional Investors
The new platform will be aimed exclusively at institutional investors. Sibbern emphasized that an increasing number of global banks and institutional players are now exploring crypto investment opportunities. The platform will leverage Switzerland’s crypto-friendly environment, where clear regulations govern asset trading and custody.
Legal Initiatives and Regulation
In late July, the Swiss Financial Market Supervisory Authority (FINMA) published guidelines addressing the risks and challenges associated with stablecoins for issuers and banks providing guarantees. The regulator emphasized the need for token holders and beneficial owners’ identity verification to mitigate these risks.
SIX Group's new crypto trading platform could attract institutional investors due to Switzerland’s progressive legislation and the growing recognition of cryptocurrencies as an asset class. This could reshape the crypto trading landscape in Europe.
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