According to the Financial Times, SIX Group, the Swiss stock exchange operator, is exploring the creation of a cryptocurrency trading platform in Europe, seeking to enter a market dominated by established digital asset companies like Binance, OKX, and Coinbase.

SIX Group is considering leveraging its reputation and Switzerland's advanced cryptocurrency legislation to attract large traditional investors increasingly interested in trading digital assets. Bjørn Sibbern, SIX Group's global head of exchanges, told the Financial Times, "The trend we see is that more and more international banks and institutions are looking at crypto."

Sibbern said, "Crypto is becoming an increasingly recognized asset class," and the company is researching the establishment of "a platform where we can help facilitate trading, whether it be crypto (spot) or derivatives." He stated that the venue would be accessible only to institutional investors such as asset management companies.

The Swiss group, owned by 120 banks, operates a separate digital exchange. Since 2018, this exchange has listed nine digital bonds issued by institutions, including UBS and the city government of Lugano. Sibbern said the digital exchange "could potentially... expand this concept" to include cryptocurrency trading.