Cryptocurrency businesses expand everywhere around the world. This time, SIX, the company behind the Swiss stock exchange, has decided to get involved in the market. SIX announced the intention to launch a fully regulated crypto exchange, something that shows the institutional interest in the crypto space.
SIX Opens Cryptocurrency Exchange
The new exchange will be regulated by the Swiss national bank and the Swiss regulator FINMA. And it is in line with what the government is doing, being the most open crypto jurisdiction in Europe with Malta. 
During this year, the cryptocurrency market collapsed, most cryptocurrencies lost over 70% of their value, but institutions seem ready to invest in the space and keep improving it.
Jos Dijsselhof, CEO of SIX, said in a statement:
“This is the beginning of a new era for capital markets infrastructures. For us, it is abundantly clear that much of what is going on in the digital space is here to stay and will define the future of our industry.”
Investors are also searching for regulated exchanges to start placing their bets in the market. It is sometimes more difficult for wealthier individuals to invest in the crypto space when there are no regulations or clear rules.
“The digital space currently faces a number of key challenges,” says Thomas Zeeb, head of securities & exchanges at SIX. “These include the absence of regulation that ensures officially safety, security, stability, transparency and accountability – all of which contribute to a lack of trust.”
And this is the true. The market does not have enough regulated companies, exchanges and investors. Some experts believe that in the future, with more regulations and clear rules, institutional investors will start placing their money in the crypto world.
Coinbase, one of the most important virtual currency exchanges and platform all over the world, has decided to launch its custodial service for institutional and wealthy investors. The plan is to reach 100 clients by the end of the current year and keep increasing them in the next years as the space gets mature and grows.
