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Swiss SIX stock exchange explores setting up crypto arm in Europe

The Swiss stock exchange operator, SIX Group, is considering launching a crypto trading platform in Europe to attract traditional investors. The company aims to leverage Switzerland's crypto-friendly laws and its own reputation to compete with major players like Binance and Coinbase. The platform would cater exclusively to institutional investors and offer trading services for spot crypto and derivatives. This move comes as an increasing number of global banks and institutions explore opportunities in the crypto market. The Swiss Financial Market Supervisory Authority has already issued guidance addressing the risks and challenges associated with stablecoins.

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