Cryptocurrency Analysis and News Portal
Legacy Trust's digital asset division has plans to create the first settlement layer in Asia for institutional investors trading both fiat and cryptocurrencies.First Digital Trust (FDT) announced Friday that its new rapid settlement and clearing network (RSCN) will provide custodian clients, including some of Asia's most prominent over-the-counter desks and
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A report published by investment management firm VanEck on Jan. 29 suggests that institutional investors should allocate a small percentage of their capital into Bitcoin (BTC). Per the report, “Bitcoin may enhance the risk and return reward profile of institutional investment portfolios.” The researchers also claim:“A small allocation to
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Crypto banking competitors Prime Trust and Signature Bank have partnered in a bid to appeal to institutional clients. Signature announced Monday it would be linking its Signet payments platform to Prime Trust's multi-asset settlement platform, creating a new service offering "real-time" settlements for digital asset trades."Any Signature Bank commercial client
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In an extensive blog post about potential major trends in the cryptocurrency space in 2020, Coinbase CEO Brian Armstrong said that hundreds of institutional investors are already investing in the crypto market.Throughout 2019, with the launch of Bakkt, much of the year’s narrative surrounded the entrance of institutions into the
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Swiss crypto finance firm Amun says it’s received significant institutional interest in its exchange-traded product tied to Binance Coin (BNB). Source
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The New York Department of Financial Services has granted Fidelity Digital Assets Services (FDAS) a charter to operate as a limited liability trust company to custody digital currencies and execute crypto trading. Source
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In a Medium post published on November 11, 2019, Bitcoin (BTC) Futures contract trading platform Bakkt announced the launch of Bakkt Warehouse for all institutions. BTC Custody Made Available to All After having received authorization from the New York Department of Financial Services (NYFDS), Bakkt Warehouse will now be able to
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The IDO for its native SDX security tokens will take place next year in mid-2020 and the issuance of tokens will happen on an enterprise-grade blockchain built using R3’s Corda technology.In the latest development, Switzerland-based SIX Digital Exchange (SDX) has invited financial institutions from across the globe to back its
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Bitcoin (BTC) and cryptocurrency will gain trust from the incoming launch of institutional trading platform Bakkt, a well-known analyst has said.More Praise For BakktIn a tweet on Sept. 19, Fundstrat Global Advisors co-founder Tom Lee joined the increasing number of Bitcoin figures bullish about Bakkt’s impact on the space.The
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New York-based cryptocurrency exchange Gemini has introduced a sub-accounts feature for institutional customers enabling the creation of multiple accounts under one master account.In a Sept. 3 announcement, the Winklevoss brothers-led crypto exchange revealed a new feature enabling its institutional customers to create and manage an unlimited number of sub-accounts
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