US-Cuba relations: from sudden warming to icy plunge. By the new agreement, they have now become official partners, Blockstation added. Bitcoin is a good long term investment, according to one executive. Blockstation, a leading Canadian FinTech company founded in , provides one of the first digital asset trading solutions for stock exchanges. Sign up to receive exclusive articles on topics including: Equity market structure Profiles of buy-side investment firms The evolution of multi-asset-class trading Regulation and its implications for markets The search for liquidity in fixed income markets The convergence of fintech and capital markets Select one or more newsletters you would like to receive:.
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The Jamaica Stock Exchange is set to become one of the first international brokerage facilities which plan to introduce teading trading of cryptocurrencies. The collaboration was cemented yesterday through a signed Memorandum of Understanding MoU. The purpose of this newly-formed partnership is to enable JSE to become one of the first international brokerage facilities which are set to introduce fully regulated trading of cryptocurrencies. Purportedly, the exchange is exploring options to competently facilitate clearing, trading, as well as the settlement of cryptocurrencies for its clients and jamaica stock exchange exploring cryptocurrency trading. Furthermore, Blockstation has supposedly completed successful beta tests previously with institutional participants and has provided JSE with training and support. We are excited to implement this service with our clients, satisfying considerable investor interest in digital assets. We are also proud to be at the forefront of bringing innovation to capital markets.
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Monday, August 20, Through this agreement, JSE may become one of the first international stock exchanges to deploy an online digital currency and token trading platform, including trading, quotes, execution and settlement services, in a format that aligns with current regulatory and compliance standards. JSE said the market will be notified of ongoing developments as the framework and platform to effect such trading is currently being examined. Now you can read the Jamaica Observer ePaper anytime, anywhere. We welcome reader comments on the top stories of the day. Please understand that comments are moderated and it is not always possible to publish all that have been submitted.
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According to the JSE, the Canadian-based Blockstation will help facilitate the crypto-trading services. The Jamaica Stock Exchange is interested in offering its clientele the ability to invest in digital assets. The JSE announced on Tuesday that the organization is partnering with the company Blockstation by signing a memorandum of understanding MoU.
The MoU states the two firms will enable JSE customers the ability to trade blockchain tokens within a secure and regulatory framework.
The two organizations believe the agreement will be a milestone as it could become the first international jamaica stock exchange exploring cryptocurrency trading exchanges that will allow cryptocurrency trades. At the moment only digital currency futures, options, and exchange-traded notes are traded in a regulated stock exchange type of environment. JSE has been working with Blockstation by completing tests and hosting a successful live workshop with brokerage members and local regulators.
We are very comfortable moving forward based on the training and support provided by Blockstation, and because their trading platform incorporates familiar compliance cryptocurency to ensure a fair marketplace. Since the JSE launched its principal stock exchange in Kingston, Jamaica the organization has seen a lot of development.
To accommodate growth stodk JSE launched its online trading platform inwhich at the time was the first of its kind within the Caribbean, enabling clients to view market performance, and buy and sell securities. A broker member of the JSE from the firm Sagicor Investments, Kirk Brown, says the JSE decision to offer digital currency trading is paramount for the growth of this budding tech-driven economy. What do you think about the Jamaica Stock Exchange planning to offer digital currency trading services?
Let us know your thoughts on this subject in the comment section. Need to calculate your bitcoin holdings? These days bitcoin and a variety of other digital assets are now being traded as funds and traditional equity holdings. Crypto financial services company Blockfi has launched a trading platform supporting three cryptocurrencies. The new offering adds to the cryptovurrency read. Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since He has a passion for Bitcoin, open source code, and decentralized applications.
Redman jamaica stock exchange exploring cryptocurrency trading written thousands of articles for news. Share this story:. Jamie Redman Jamie Redman is a financial tech journalist living in Florida.
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Jamaica Stock Exchange exploring cryptocurrency trading
In order to do so, these individuals will need to arm themselves with a good understanding of the existing legal framework, as the new digital trading platform is rolled. Digital assets are the future of capital markets, and our turn-key solution paves the way for traditional financial institutions to easily adopt this new, game-changing asset class. Fed repo market action boosts cryptos. Nigeria’s Buhari signs off on record jamaica stock exchange exploring cryptocurrency trading. Share this post. Sign up to receive exclusive articles on topics including: Equity market structure Profiles of buy-side investment firms The evolution of multi-asset-class trading Regulation and its implications for markets The search for liquidity in fixed income markets The convergence of fintech and capital markets Select one or more newsletters you would jamajca to receive:. Brown was quoted in the release as jamauca of exxchange jamaica stock exchange exploring cryptocurrency trading at the workshop. Being from Finance background, he efficiently writes Price Analysis. Demonstrate market leadership by showing the financial community that digital assets and cryptocurrencies can be traded safely through trusted broker members like any other security, in full compliance with regulations; 3. The trading, however, will be done is a highly regulated and secure environment, the ctyptocurrency read. Terms under which this service is provided to you. The BOJ is exchangw also to have stated that it has not authorised any entity to operate a virtual currency platform, which may suggest that it regards its authorisation as being required for that purpose.
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