Tag: Cryptocurrencies

Cryptocurrencies

BIS Report Warns Stablecoins Pose Risks for Financial Stability

The Bank for International Settlements (BIS) has issued a new report, warning that stablecoins – a type of cryptocurrency whose value is linked to a pool of assets in order to achieve price stability – could pose risks to the stability of both financial markets and the real economy. The report opens by acknowledging that […]

Market Synergy’s Institutional Calibre Cryptocurrency Connectivity to Bitfinex Gains Momentum

Sponsored Content Earlier this year, it was announced that banks, brokers and hedge funds wanting to offer digital assets to their client base could partner with Market Synergy for institutional standard cryptocurrency connectivity and security and take a FIX feed or ISP link to Bitfinex’s digital asset gateway. In this article we catch up with […]

New Exchange Launches Targeting Institutional Crypto Trading

A new exchange for trading cryptoassets that is targeting the institutional and professional market segments has launched in London today. The exchange, GCEX, is part of the GC Group, which was established in 2018 in response to demand for regulated and compliant exposure to the cryptoasset market, company officials say. Authorised and regulated by the […]

The Great Migration

The past few years have seen a significant number of senior figures from the FX market transition into the digital asset space. Galen Stops talks to a few of them about where they see the parallels, differences and possible convergences between the two markets. Galen Stops, editor of Profit & Loss: Where do you see […]

CME to Launch Bitcoin Options

CME Group has announced plans to launch options on its bitcoin futures contracts in Q1 2020, pending regulatory review. “Based on increasing client demand and robust growth in our bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their bitcoin price risk,” says Tim […]

Hex Trust Partners with TradAir

Hex Trust, an Asia-based digital assets custodian, has selected TradAir to provide its clients with the ability to trade digital assets directly from the Hex Safe custody platform. Using blockchain technology along with a team of seasoned bankers and engineers, Hex Trust has built a licensed and insured digital custody solution for institutions. The firm […]

Is the Future of Finance Digital?

Back in 2013, when Profit & Loss first started writing about this new digital currency that was creating a buzz called “bitcoin”, most mainstream financial services firms wanted nothing to do with it. Yes, a few banks and other large firms were starting to put out some research papers about bitcoin, but this was generally […]

TrueDigital Partners with Crux

TrueDigital, a provider of institutional-grade products to the crypto space, has announced a partnership with Crux Informatics (Crux), a cloud-based platform and managed service that provides data delivery and operations at scale. Through this partnership, trueDigital OTC cryptocurrency reference rates will be available to its institutional customers. These indices will provide the crypto community with […]

Grayscale Picks Coinbase for Custody Solution

Grayscale, a digital currency asset manager, has picked Coinbase Custody to serve as custodian for the underlying assets for each of its products, effective July 29, 2019. Coinbase Custody is a New York Department of Financial Services-regulated company that offers access to an audited, and insured custody solution. As a qualified custodian, Coinbase Custody is […]

Kraken Acquires Digital Asset Reconciliation Platform

The digital asset trading platform Kraken has acquired Interchange, an accounting, reconciliation and reporting service provider for cryptocurrency hedge funds, asset managers and fund administrators. “The transaction creates the world’s first end-to-end crypto trading and reconciliation platform, and brings Interchange co-founders and well-respected crypto veterans Dan Held and Clark Moody to Kraken,” says Kraken in […]

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