SIX Group Executive Questions Launch of Crypto Trading, Expresses ICO Optimism Instead

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Thomas Zeeb, CEO of securities services at Switzerland’s top stock exchange SIX, revealed that the firm is unlikely to launch crypto trading, Business Insider reported August 17.

According to Zeeb, cryptocurrencies are really “not a priority” at the moment, taking into account the fact that there are a number of other platforms that provide Bitcoin (BTC) trading services. Moreover, Zeeb noted that there are still some “reputational” issues surrounding Bitcoin, also suggesting that Bitcoin is all about “hope and hype.” However, the head of securities services at top Switzerland’s stock exchange expressed optimism about the concept of digital assets. Zeeb stated that digitals coins such as Initial Coin Offering (ICOtokens are “here to stay,” with its mass adoption coming in around “five years.” In the interview with Business Insider, Zeeb compared digital currencies with derivatives trading, claiming that he is “absolutely convinced” that crypto is “where derivatives were in the early ’90s.” According to Zeeb, digital assets’ adoption