World's 9th Largest Stock Exchange To Launch Bitcoin Brokerage For Institutional Investors

TMX Group, the owners of the Toronto Stock Exchange, are planning to launch a cryptocurrency brokerage service.

The TMX Group owns the Toronto Stock Exchange, Montreal Exchange, and the Boston Options Exchange. These exchanges account for 2.36 billion dollars in market capitalization, and 92 billion in monthly trading volume. This makes the TMX Group the world’s 9th largest stock exchange.

On March 23rd, the TMX Group announced they were starting a cryptocurrency brokerage service, focusing on Bitcoin. They will be partnering with Paycase, a Toronto-based firm that specializes in decentralized financial services.

Their service will allow huge investors to purchase Bitcoin, among other cryptocurrencies. But TMX Group has stated, the brokerage is focused on Bitcoin...

Read more: http://thebitplex.com/2018/03/24/tmx-crypto/



Submitted March 25, 2018 at 01:37AM by trontonian https://ift.tt/2IPTZ4O

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