New York Firm Opens Business for Bitcoin Trading
In a step closer towards the institutionalization of bitcoin trading, a New York firm announced that it is expanding its operations to include trading in blocks of bitcoin. Genesis Trading, a division of SecondMarket, says that it is currently the only licensed broker-dealer that offers this service. Genesis is now specializing its operations to focus on bitcoin trading with its own team of traders and support staff. According to its Chief Executive Brendan O'Connor, their plan is to generate business from the hedge funds and private investors who have shown an interest in the....
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A UK-based bitcoin exchange has beat competitors to the post as it opens for business today. London-based Coinfloor begins registering customers at 9am this morning. The site, launched by Mark Lamb and Amadeo Pellicce, hopes to get in on the market early by offering GBP/BTC trading services before regulators have passed judgement on the cryptocurrency. It beats BitPrice to market. The latter has been lobbying regulators in the UK about bitcoin's status, but hasn't opened its doors yet. Coinfloor, which is backed for an undisclosed sum by VC firm Passion Capital, is the first firm to trade....
BitPay has expanded its operations by opening offices in San Francisco and New York. The bitcoin payment processor is headquartered in Atlanta, but the new offices will help the company to bring in new business and offer operational support to the merchants it currently works with. "BitPay is happy to announce two new office openings in San Francisco and New York City. Our San Francisco location hopes to leverage the existing tech and bitcoin communities throughout the area," said Stephanie Wargo, BitPay's VP of Marketing. "BitPay's office in New York will enhance visibility in the....
Bakkt will also have a money transmitter license in the state of New York. Bakkt has become the latest crypto firm to get a BitLicense.On Thursday, the New York Department of Financial Services announced that Bakkt had become the 29th BitLicensee. First granted to Paxos in 2015, the BitLicense is New York's program for regulating digital currency firms. With it, Bakkt will have new access to offer crypto trading in the financial center of the U.S.The NYDFS also took the opportunity to plug its other crypto initiatives, including a tech sprint that aims to find new ways of getting data from....
New York-based exchange Coinsetter opened up its private beta this week, serving an international audience. CEO Jaron Lukasiewicz started sending out around 100 private invitations each day to individuals as of Tuesday. He is positioning the site as a 'liquidity platform', highlighting what he says is a superior matching engine for its order book. The software will enable people to trade more quickly and flexibly on the site, he claimed. The firm touts millisecond trading as one of its differentiating features. One turnaround for the firm was its announcement that it would now serve....
There was big news last week when a major New York law firm (started in the 18th century) decided to accept bitcoin. They're McLaughlin & Stern, and their big reason for adopting the digital currency was to be on the "cutting edge of law and technology." Other firms may have taken notice. Another New York law firm, NS Wasserstein & Associates, PLLC, has announced they they too have joined the bitcoin train by accepting the digital currency for services rendered in effort to get "ahead of the curve." "Digital currencies are here to stay," said Nat Wasserstein of the firm. ""Not only that,....