A survey by Market Intelligence specialists, Acuiti, commissioned by Avelacom and Deribit, offers insights on how proprietary trading firms are approaching the cryptocurrency markets, both spot and derivatives. The survey also explores how this differs between those firms created specifically to trade these assets vs firms entering these markets alongside their existing business trading “traditional” assets.
4OTC, the FinTech provider of connectivity services for Digital Assets and FX, today announced that Russell Fernandes and Mark Price have joined Alexis Atkinson as Co-Founders.
Visa announced a major industry first in bridging the worlds of digital and traditional fiat currencies: the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle a transaction with Visa over Ethereum—one of the most actively used open-source blockchains.
ISDA have submitted a response to HM Treasury's consultation and call for evidence on UK regulatory approach to cryptoassets and stablecoins in a letter dated January 2021.
The European Securities and Markets Authority (ESMA), the EU securities markets regulator, publishes its first Trends, Risks and Vulnerabilities (TRV) Report of 2021.
Archax, the FCA-regulated digital securities exchange, has completed its seed round, securing funding totalling $8m to date.
The most recent VC firms to invest include Alameda Research, Amnis Ventures, Bridgetower Capital, CoinFund, Edge196, Hudson Capital, QBN Capital and 7percent Ventures.
The crypto exchange and custodian provides individuals and institutions with simple, reliable, and secure cryptocurrency exchange and custody services.
The UK launch follows the Financial Conduct Authority (FCA) granting it an Electronic Money Institution (EMI) license. Gemini is one of the first businesses that the FCA has approved as part of its Fifth Money Laundering Directive (5MLD) cryptoasset registration process.
Gold-i and digital asset settlement firm, Zero Hash have partnered to provide Prime of Primes, retail FX brokers and hedge funds with a centrally settled crypto offering and a means of accessing cryptocurrency Liquidity Providers.
The partnership leverages Gold-i's order routing and order matching technology and Zero Hash's fully automated and customisable post-trade infrastructure.
Standard Chartered is developing a new crypto custody solution. Aimed at the institutional market, the firm expects the first pilot to launch before the end of the year.
According to the head of SC Ventures, Alex Mason, who spoke with CoinDesk, the firm is working with over 20 firms on the new custody solution. Security is its top priority, as large institutional investors will need safe and secure storage for millions of dollars' worth of crypto.
In creating a service for large investors, Standard Chartered is seeking to drive crypto adoption in the institutional market.
A paper from the IMF paper examines key considerations around central bank digital currency (CBDC) for use by the general public, based on a comprehensive review of recent research, central bank experiments, and ongoing discussions among stakeholders. It looks at the reasons why central banks are exploring retail CBDC issuance, policy and design considerations; legal, governance and regulatory perspectives; plus cybersecurity and other risk considerations.
Major growth in the trading of cryptocurrency assets, including during the Covid-19 pandemic, is driving demand for low latency access to AWS in London from sophisticated institutional investors, operating in the derivatives market in particular.
Since the start of this year, 30% of Avelacom clients already involved in crypto trading have begun to access AWS London, and the global connectivity provider expects this to rise to 50% within months.
On 14 May 2020, Societe Generale issued €40 million of covered bonds as security tokens, which were registered on a public blockchain. These OFH Tokens were fully subscribed by Societe Generale, which simultaneously paid the issuer in a digital form of euros issued by Banque de France.