Former Jefferies FX brokers launching institutional crypto exchange
Crossover Markets Group Inc. is being launched by two former Jefferies FX brokers, and aims to make a splash in the institutional crypto investment scene. Two former Jefferies Financial Group executives are set to launch a new cryptocurrency exchange designed for institutional investors. Named Crossover Markets Group Inc. the exchange is set to debut in “late summer to early fall” following the closure of a recent seed funding round.The Crossover Markets’ website describes the new exchange as a “digital asset exchange designed to meet the liquidity needs of institutional clients.”We are....
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Christopher Wood, the global head of equity at Jefferies, a global financial services company, says the firm will reduce exposure to gold in favor of bitcoin. He adds that there are plans to increase the crypto component of Jefferies’ long-only global portfolio for U.S. dollar-denominated pension fund if and when the bitcoin price drops from current levels. As a result of this decision, 5% of the fund will now consist of bitcoin. The Case for Bitcoin Before making the decision, Jefferies allocated funds as follows: 50% towards (now 45%) physical gold bullion, 30% to Asia ex-Japan....
United Kingdom-based gold, sterling, and bitcoin exchange Netagio announced Wednesday that they have launched their Application Programming Interface (API), which will go a long way to meet institutional demand. For the layman, what does this mean? Well, for starters, the API will allow institutional investors (these are the people that are trading massive volumes on behalf of other entities, in many cases) to program their Execution Management Systems (EMS) and Order Management Systems (OMS) in order to automate trading using Netagio's exchange. The company says, "The API will provide....
The cryptocurrency exchange Binance is now launching flagship platform for VIP and Institutional users. This flagship platform is called “Binance Institutional”. This the crypto exchange’s way of upgrading its operations by improving and also enhancing their services by providing institutional offerings. Binance announced through a tweet that the platform has decided to launch this particular […]
Brokerage firm Interactive Brokers Group has announced that it is launching crypto trading for investment advisors. The firm is bringing cryptocurrency investment to investment advisors in the U.S. to help streamline the process of investing clients’ funds in the market. Financial advisors are able to invest and custody cryptocurrencies like Bitcoin, Bitcoin Cash, Litecoin, and […]
Two Chinese online brokerages have set out to enter the global crypto trading market. The platforms, Tiger Brokers and Futu, are planning to offer their services only outside the People’s Republic as Beijing is once again cracking down on bitcoin trading in the country. Major Chinese Online Brokers Dive Into Crypto Trading Beijing-based Tiger Brokers and Shenzhen-headquartered Futu, China’s leading online brokerages, have unveiled plans to start offering crypto trading services, the South China Morning Post reported on Tuesday. The Nasdaq-listed companies want to compete with....