OKEx (a young cryptoexchange from Hong Kong) has partnered with Caspian (a crypto risk management platform) to develop the infrastructure for the institutional adoption of cryptocurrency trading. The VP OKEx James Jiang elaborated, “There is huge potential for institutionalization of crypto in China and more broadly. We are delighted to have teamed up with Caspian to help facilitate our clients’ needs in this space.”
Cryptoexchange Poloniex has announced that it will block number of US crypto traders Ignis, Bytecoin, Decred, GameCredits and few others. The Poloniex explained, “Today’s action is a result of regulatory uncertainty in the US market. Specifically, it is not possible to be certain whether US regulators will consider these assets to be securities,”
A group major cryptocurrency traders thinking about making a boycott of counterparties occupied with terrible exercises in the crypto space. A group of traders from 35 computerized resources firms including such industry players as exchanging firm DRW Holdings Inc’s. Cumberland crypto unit, Mike Novogratz’s Galaxy Digital Holdings, and tech startup Ripple offer to make a boycott or parties who reneged on trades and engaged in dubious activities.
A new Puerto Rico-based institution called San Juan Mercantile Bank & Trust International (SJMBT) will start aiding crypto traders in their business by providing custody and settlement services for both fiat and crypto traded on the exchange. Nick Varelakis, president & COO of SJMBT: “As more liquidity venues onboard with SJMX to trade digital assets, SJMBT will provide critical services…”
Omniex (a technology developer) has joined hands with IPC Systems (a trading communications solutions provider) with aim to amplify its clients crypto-asset exchange services. Bob Santella, CEO of IPC Systems, said: “Through our Connexus extranet ecosystem, the Omniex platform can provide secure, intelligent channel for cryptocurrency trading for its financial community,”
Pakistan could be legalizing investment in cryptocurrency sooner. The Premier Intelligence Agency wrote a letter to the country’s Finance Minister and advised “Monitoring of cryptos is the most difficult part which needs specific expertise/laws through which cryptocurrency trade being carried out via hidden platforms need to be brought under a registered banner.”
The NASDAQ is going to allow its technology to be used by a new cryptocurrency trading platform. Bcause CEO Fred Grede, “This is a pure technology licensing agreement, so what we’re licensing is their order entry platform, their trade matching system, their clearing systems and their market surveillance systems.”
An announcement has been made by the developer of automated cryptocurrency trading software, Krylll.io that they have been selected by the French Public Investment Bank (Bpifrance) to support the development of cryptocurrency trading platform. The Innovation Service Officer of Bpifrance, Rolland VITI: “We hope this will allow you to accomplish the innovative program you aim to develop.”
Boerse Stuttgart, a stock exchange operator launched a new cryptocurrency trading application called Bison, the app was developed Sowa Labs (a subsidiary of the exchange). Users do not have to set up a wallet in order to trade. Because Blocknox, another subsidiary of Boerse Stuttgart, acts as custodian for users of the application by using an escrow system.
A well-known zero-fee cryptocurrency trading app, Robinhood has been granted a license and a money transmitter license to sell cryptocurrencies in New York by the State Department of Financial Services (DFS). DFS continues to lead the way in responsibly supervising and advancing innovation in New York’s flourishing financial technology sector through a strong state-based regulatory regime.