Nasdaq Licenses Tech to a ‘One-Stop Shop’ for Crypto Trading and Mining
Bcause LLC, a company that describes itself as a “full-stack cryptocurrency ecosystem,” has announced its plans to operate its markets using Nasdaq technology. On Wednesday, the company made public its plans to operate a spot cryptocurrency market that utilizes Nasdaq’s […]
Bcause LLC, a company that describes itself as a “full-stack cryptocurrency ecosystem,” has announced its plans to operate its markets using Nasdaq technology.
On Wednesday, the company made public its plans to operate a spot cryptocurrency market that utilizes Nasdaq’s matching engine, clearing, and market surveillance tools through the Nasdaq Financial Framework platform, to be launched within the next few months.
Bcause has also filed applications to the U.S. Commodity Futures Trading Commission (CFTC) with intentions of becoming a designated contract market and to launch a derivatives clearing organization.
Bcause seems to have lofty ambitions judging by their press release, which states that the company plans to be the only “one-stop shop” to operate a spot trading market, crypto mining facility and a futures/derivatives clearinghouse, once regulators approve the latter offering.
Nasdaq senior vice president and head of Marketplace Operators and New Markets Paul McKeown said Bcause “has methodically built a unique ecosystem that gives investors, partners, and market players a holistic experience in tapping the cryptocurrency market and value chain.”
Bright Partnership
Fred Grede, CEO of Bcause said in a statement that his company is “honored” to use its technology for their operations. According to the release, Nasdaq’s surveillance technology allows Bcause to monitor for market manipulation or other illicit behaviors, allowing the company to make both its spot and derivatives markets safer for the firm’s customers.
“I fully expect that our markets will attract a broad range of users, from those who are already quite active in the financial markets and familiar with Nasdaq technology, to a new breed of investors wanting to participate in the growing cryptocurrency marketplace,” Grede added.
Follow us on Twitter, Facebook, Steemit, and join our Telegram channel for the latest blockchain and cryptocurrency news
Abishek Dharshan
Abishek is an Entrepreneur, Digital Nomad, Student, and ICO Marketing Manager currently based in Berlin & Champaign. He is actively involved in the Blockchain space and has worked in numerous projects in the Silicon Valley since 2017. His interests revolve around Finance, Consulting, and Blockchain Research.
Bcause LLC, a company that describes itself as a “full-stack cryptocurrency ecosystem,” has announced its plans to operate its markets using Nasdaq technology.
On Wednesday, the company made public its plans to operate a spot cryptocurrency market that utilizes Nasdaq’s matching engine, clearing, and market surveillance tools through the Nasdaq Financial Framework platform, to be launched within the next few months.
Bcause has also filed applications to the U.S. Commodity Futures Trading Commission (CFTC) with intentions of becoming a designated contract market and to launch a derivatives clearing organization.
Bcause seems to have lofty ambitions judging by their press release, which states that the company plans to be the only “one-stop shop” to operate a spot trading market, crypto mining facility and a futures/derivatives clearinghouse, once regulators approve the latter offering.
Nasdaq senior vice president and head of Marketplace Operators and New Markets Paul McKeown said Bcause “has methodically built a unique ecosystem that gives investors, partners, and market players a holistic experience in tapping the cryptocurrency market and value chain.”
Bright Partnership
Fred Grede, CEO of Bcause said in a statement that his company is “honored” to use its technology for their operations. According to the release, Nasdaq’s surveillance technology allows Bcause to monitor for market manipulation or other illicit behaviors, allowing the company to make both its spot and derivatives markets safer for the firm’s customers.
“I fully expect that our markets will attract a broad range of users, from those who are already quite active in the financial markets and familiar with Nasdaq technology, to a new breed of investors wanting to participate in the growing cryptocurrency marketplace,” Grede added.
Follow us on Twitter, Facebook, Steemit, and join our Telegram channel for the latest blockchain and cryptocurrency news
Abishek Dharshan
Abishek is an Entrepreneur, Digital Nomad, Student, and ICO Marketing Manager currently based in Berlin & Champaign. He is actively involved in the Blockchain space and has worked in numerous projects in the Silicon Valley since 2017. His interests revolve around Finance, Consulting, and Blockchain Research.
Regular updates on Web3, NFTs, Bitcoin & Price forecasts.
Stay up to date with CryptoTicker.