CrossTower, a new exchange operator with a mission to mainstream digital asset investing and trading for institutional and individual investors, today announced the launch of its multi-asset trading platform founded by two capital markets veterans, CEO Kapil Rathi and president Kristin Boggiano, who recently worked together at AlphaPoint, a white label crypto exchange software firm. CrossTower’s controlled launch […]
ErisX today announced the launch of the first US-based Ether futures contracts, giving individual and institutional investors access to physically delivered futures contracts based on ETH-USD with monthly and quarterly expirations. ErisX is a unified platform for cryptocurrency spot and regulated futures trading and investing. “We are proud to bring this infrastructure to the benefit […]
B2C2, a cryptocurrency market maker, and oneZero Financial Systems, a software and infrastructure provider for institutional and retail brokers, have announced a partnership that will enable oneZero’s clients to gain access to B2C2 as part of the oneZero ecosystem.
The firms say that the integration of their trading systems will allow them to address significant demand among institutional clients for exposure to the major cryptocurrencies – including bitcoin, ether, litecoin, bitcoin cash and XRP – against major fiat currencies.
Max Boonen, founder of B2C2, says: “We are pleased to partner with oneZero, a leading technology and infrastructure provider for major financial institutions. Our FIX integration will enable oneZero’s clients to access cryptocurrency liquidity in a plug-and-play fashion. We look forward to meeting their demand for electronic OTC liquidity.”
BestX is expanding its best execution analytics suite to include the main digital currencies of bitcoin, ether, litecoin, bitcoin cash and ripple.
In a release issued today, BestX says that as adoption of these cryptocurrencies increases across new markets, the firm will look to meet the demand from its clients and deliver analytics that provide them the same transparency as for the traditional ‘fiat’ currencies.
“We are proud to be the first independent TCA provider in the world to offer this service, enabling our clients to leverage the award-winning BestX analytics to provide transparency into otherwise quite opaque markets,” says BestX co-founder, Ollie Jerome. “We continue to future-proof our offering to meet client demand as digital currencies become increasingly legitimised by the professional investor community.”
A Securities and Exchanges Commission (SEC) official explicitly stated today that he does not consider bitcoin and ether (the native cryptocurrency of the Ethereum network), to be securities.
Speaking at the Yahoo Finance All Markets Summit in San Francisco, William Hinman, the
Director of the Division of Corporation Finance at the SEC, gave a speech about whether digital assets should be considered as securities.
Hinman pointed out that the network upon which bitcoin functions has always been decentralised and therefore there is no central third party “whose efforts are a key determining factor in the enterprise”.
CME Group has launched a reference rate for ether, the native cryptocurrency of the Etherium network.
The CME CF Ether-Dollar Reference Rate, which will provide a daily benchmark price in US dollars at 4 pm London time, and CME CF Ether-Dollar Real Time Index, which will allow users access to a real-time ether price in US dollars.
Both the Ether Reference Rate and Ether Real Time Index will be calculated by Crypto Facilities and will be based on transactions and order book activity from two cryptocurrency exchanges: Kraken and Bitstamp.
GMEX Technologies has announced that the Blockchain Board of Derivatives will be the latest exchange to implement the firm’s Fusion product, an integrated, centralised and distributed exchange platform solution. BBOD says it is looking to attract multiple diverse participants and provide liquidity by establishing a venue where futures and swaps on Ether and Ethereum-based tokens can be traded. The exchange is partnering with GMEX to deliver a technology solution aimed to attract both retail investors and deliver the scale and functionality to meet the needs of the institutional marketplace, it says.
Genesis Trading, which offers two-sided liquidity for digital currencies, has today launched a new affiliate, Genesis Global Capital, an institutional digital currency lending business.
Genesis Capital will allow institutional investors the opportunity to borrow bitcoin, ether and other digital currencies in large quantities over fixed-terms.
“Having been incubated by our affiliated company, Genesis Trading, we feel we’re in a great position to truly understand the pulse of the market and identify evolving industry needs quicker than most. We believe now is a great time to offer an institutional-focused lending service because it will increase general li
It seemed, not for the first time, like the cryptocurrency bubble had burst yesterday, when the price of Bitcoin tumbled 22% and Ether – Ethereum’s native cryptocurrency – similarly dropped 23%.
As Profit & Loss previously reported, these cryptocurrencies – the largest two available by market capitalisation – have been trending up rapidly in 2017, reaching record highs at the start of June.
Yet Bitcoin went from a valuation high of $2,823 on Wednesday to a low of $2,189 on Thursday, according to data from Coindesk. Likewise, the data showed that the price of Ether dropped from $395 to $303 over the same period of time.