SecondMarket to Launch Institutional Bitcoin Exchange
SecondMarket has not yet launched its institutional bitcoin exchange - it's expected later this year. However, the company has added a new page to their website for "market making" as clarified by founder and CEO Barry Silbert over Twitter: FYI, we did NOT launch a digital currency exchange today. Just added a new web page for our bitcoin "market making" https://t.co/PoeNmfN2ZS. - Barry Silbert (@barrysilbert) April 16, 2014. New York-based SecondMarket previously confirmed that it will launch a professional-level bitcoin exchange service for institutional traders (including banks, hedge....
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A net asset valuation of SecondMarket's Bitcoin Investment Trust has pegged its value at $61.1 million USD (or 67,300 BTC) in a matter of three months. The trust was established in order to allow institutional investors to dabble into bitcoin - and it's clearly working. Wall Street continues to keep their watchful eyes on the digital currency. SecondMarket CEO Barry Silbert says himself that the performance of the trust has surpassed even his expectations, with a goal to hit $10 million USD by the year's end. Last week, Fidelity Investments - in partnership with SecondMarket - allowed....
Today, SecondMarket has revealed their "Experienced, Full Service Bitcoin Trading Services" via a newly released webpage. SecondMarket has launched their first step towards America's first fully regulated Bitcoin Exchange. Buyers and sellers now have a fully compliant source of Bitcoin trading from the fabled NYC. SecondMarket is licensed to do its business in all 50 states, as well as with the SEC and FINRA. The Bitcoin Exchange Services provided by SecondMarket are simple: Buying and Selling of BTC with a 25 BTC minimum. As PJ wrote days ago, Wall Street is coming onboard. Wherever Wall....
Regardless of the advice provided by financial advisors, more and more people are choosing to include Bitcoin in their savings and retirement accounts. Bitcoin is going mainstream. Today's Financial Times is reporting that SecondMarket, a New York based trading platform, which last year launched a Bitcoin fund for wealthy and institutional investors, has announced that it intends to launch another Bitcoin investment fund later in 2014, this time for ordinary, or less sophisticated investors. SecondMarket's Bitcoin investment trust, or BIT, will be trading on OTC markets' OTCQX, an....
Barry Silbert, Source: Twitter. Founder and CEO of SecondMarket Barry Silbert revealed on Sunday that he's planned to be pretty busy today in meetings with institutional investors representing over $250 billion ath the Barclays Emerging Payments Forum at the Crowne Plaza in Times Square. The talking point? Bitcoin. Yes, bitcoin. Some very powerful people in the finance community are looking to talk digital currency. Silbert's tweet: Requests from 38 institutional investors representing +$250 billion to meet with me re bitcoin at Barclays Emerging Payments Forum tomorrow. It's unclear just....
Barry Silbert: he's one busy businessman. From CEO of SecondMarket and the Bitcoin Investment Trust, in addition to the leader of the new Bitcoin Opportunity Corp., he's had quite a lot going on. And now we're learning via BusinessInsider that Silbert is planning to step down from his role as CEO at SecondMarket, an online illiquid asset marketplace. He's reportedly now exclusively committed to working on his bitcoin-related ventures, specifically the Bitcoin Investment Trust, which allows major investors to get involved with bitcoin in a secure manner. Silbert will still remain the....