Categories: ICO

Jamaica Stock Exchange to Introduce Crypto and Tokens Trading via Canadian Fintech Firm

Click here to view original web page at cointelegraph.com

The Jamaica Stock Exchange (JSE) has selected Canadian fintech company Blockstation to facilitate the trading of digital currencies and tokens on the JSE, according to an August 14 press release.

Upon implementation of the project, JSE will provide trading, quotes, execution, and settlement services for cryptocurrencies and tokens.

Kirk Brown, Head Trader for a broker member of the JSE, underlined the importance for investors “to be able to invest in digital assets through their traditional financial institutions.” Marlene Street Forrest, Managing Director of the JSE said:

“We are very comfortable moving forward based on the training and support provided by Blockstation, and because their trading platform incorporates familiar compliance rules to ensure a fair marketplace.”

Prior to the deal, five broker members participated in a live workshop with representatives from local regulators, while Blockstation completed beta testing in Jamaica with the participating institutions.

The JSE also signed a Memorandum of Understanding (MOU) with Blockstation, agreeing that the two organizations would collaborate in the future.

Incorporated in 1968, the JSE Main Market capitalization rose to over $1.19 trillion following the successful Initial Public Offering (IPO) of Mayberry Jamaican Equities at the end of July this year. The total number of companies listed on the exchange reached 74 this year, while the total number of securities is 107.

In the beginning of August, Germany’s second largest stock exchange, the Stuttgart Börse, revealed plans to develop a new platform for Initial Coin Offerings (ICOs) as well as a multilateral crypto trading venue. Alexander Höptner, CEO at Börse Stuttgart, said the exchange developed the platform in response to “demand from both retail and institutional investors for a regulated and reliable environment for trading with cryptocurrencies.”

Last month, the Malta Stock Exchange (MSE) announced its collaboration with digital asset exchange OKEx to build a new institutional grade security-tokens trading platform. The joint project is entitled OKMSX and aims to become a platform for digital asset exchanges with security expertise and client due diligence.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Venezuelan designer prefers to receive his payments in bitcoin than in dollars

Source: UnSplash It is no secret to anyone. The economic situation in Venezuela has made bitcoin a clear alternative. On… Read More

4 hours ago

Bitcoin Price Charts & Technical Analysis: BTC Remains Bullish

- Consolidation within a common and strong continuation pattern continues. - The length and end of this consolidation can be… Read More

4 hours ago

Simon Ordish: Building WhatsOnChain to fit Bitcoin SV’s needs

While many cool applications have helped broaden the appeal of Bitcoin SV (BSV), one of the earliest applications has been… Read More

4 hours ago

Mark Mobius: Buy Gold At Any Price

Last week we reported that the mainstream is turning bullish on gold , and in recent months, a number of… Read More

4 hours ago

Veteran Investor: Demand For ‘Psycho Crypto Currencies’ Good For Gold Prices

Bitcoin has often been compared with gold as it shares a number of similar traits. Both are safe haven assets,… Read More

4 hours ago

Vaping May Harm Your Blood Flow—Even Without Nicotine

For first-time vapers, merely inhaling vape juice from an e-cigarette caused their blood vessels to constrict, stiffen, and circulate less… Read More

4 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More